In a speech to the Canadian International Council, upon accepting the 2014 Globalist of the Year award, in Toronto on April 9, 2014, Summers said, “2014 is a year, if you think about it correctly, of anniversaries. It is the 100th anniversary of 1914, a moment when the world mismanaged itself and reaped the legacy of its mismanagement in as terrible a way as has ever occurred.” continue reading
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Secular Stagnation? Challenges for Econ Policy
Summers talked with Chrystia Freeland on April 12, 2014 at the Institute for New Economic Thinking in Toronto, Canada. In his session, “Secular Stagnation? The Future Challenge for Economic Policy,” Summers provided some first thoughts on Thomas Piketty’s new book. continue reading
Idle Workers + Low Interest Rates = Time to Rebuild Infrastructure
In a Boston Globe op-ed on April 11, 2014, Summers makes a case for rebuilding our national infrastructure. He writes, “The single most important step the US government can take to reverse these discouraging trends is to mount a concerted, large-scale program directed at renewing our national infrastructure. “ continue reading