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The jobs crisis
By Lawrence H. Summers The opinions expressed are his own. Even with the massive 2008-2009 policy effort that successfully prevented financial collapse and Depression, the United States is now half way...
View ArticleWhy isn’t capitalism working?
Americans have traditionally been the most enthusiastic champions of capitalism. Yet a recent American public opinion survey found that just 50 per cent of people had a positive opinion of capitalism...
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It’s too soon to return to normal policies
Economic forecasters divide into two groups: those who cannot know the future but think they can, and those who recognize their inability to know the future. Shifts in the economy are rarely forecast...
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What to do about secular stagnation?
By Lawrence Summers Last month in this space I argued that we may be in a period of secular stagnation in which sluggish growth, output and employment at levels well below potential, and...
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