On December 11, 2013, Summers talked with Charlie Rose about a the budget deal, income inequality, growth, Obamacare, education and academic boycotts. Summers called the budget deal “not a grand bargain but a little deal.” Watch the video here.
Prompted by the 20th anniversary of the 1993 World Development Report, a Lancet Commission revisited the case for investment in health and developed a new investment framework to achieve dramatic health gains by 2035. The Report, chaired by Summers, takes stock of the remarkable progress made over the last 20 years and highlights the potential for historic achievement over the next generation. Watch opening remarks here.
“So, my lesson from this crisis, and my overarching lesson, which I have to say I think the world has under-internalized, is that it is not over until it is over, and that time is surely not right now, and cannot be judged relative to the extent of financial panic. And that we may well need, in the years ahead, to think about how we manage an economy in which the zero nominal interest rate is a chronic and systemic inhibitor of economic activity holding our economies back below their potential.” Read the transcript here.