Recent posts

Not the right moment for lurch to austerity

In an interview on April 19. 2015, with CNN’s Fareed Zakaria, Summers said, “This is a moment for us, as a country, to do what a business would do, which is to take advantage of low borrowing costs to invest in our future.” Summers told Zakaria, “This is not the right moment for a lurch to austerity.” continue

AIIB: We Have Lost Influence

In an interview with NPR’s All Things Considered on April 16, 2015, Summers discusses the new China-backed Asian Infrastructure Investment Bank. Summers says, ”We’re contemplating a major institution in which the United States has no role, that the United States made substantial efforts to stop — and failed.” continue

New Lending For A New Economy

On April 15, 2015 at the LendIt Conference in NYC, Summers explained how new lending models can play a critical role in growing the economy and detailed his views on how regulators should approach the new sector. Summers made the case for how financial innovation in lending is serving broad social objectives and laid out first principles for how policymakers should view marketplace lending. continue