Lawrence H. Summers

Wall Street Journal’s Seib & Wessel breakfast

kfriendly — Wed, 05 Jun 2013 14:25:26 +0000

Summers answered questions on austerity, China, Japan and Europe from the Wall Street Journal’s Gerald F. Seib, Washington bureau chief, David Wessel, economics editor and other Washington journalists at a Seib & Wessel breakfast on June 4, 2013 in Washington, DC. View clips here.

Senate Budget Committee Testimony

kfriendly — Wed, 05 Jun 2013 10:46:52 +0000

Larry Summers testified before the Senate Budget Committee on June 4, 2013, stating that further austerity measures are not the right choice for the United States at this time. In his testimony Summers said, “It would not be desirable to undertake further measures to rapidly reduce deficits in the short run. Excessively rapid fiscal consolidation in an economy that is still constrained by lack of demand, and where space for monetary policy action is limited, risks slowing economic expansion at best and halting recovery at worst.” Read the full testimony here.

Boom vs. Doom

kfriendly — Fri, 19 Apr 2013 21:28:54 +0000

In a New York Times Magazine cover story on May 5, 2013, reporter Adam Davidson writes, “serving both the Clinton and Obama administrations, Larry Summers did as much as any single person to design modern U.S. economic policy.” Read the article here.

Healthy Economic Growth in the US this Year

kfriendly — Tue, 09 Apr 2013 00:55:33 +0000

In an interview with Bloomberg’s Al Hunt on Friday, April 5, 2013, Summers said he expects healthy economic growth in the U.S. this year and next and doesn’t see a “need to panic” over a March employment report that shows slowing job creation. Watch the video here.

Learning from the Financial Crisis

kfriendly — Fri, 05 Apr 2013 22:29:22 +0000

Larry Summers delivered a keynote address at the London School of Economics Financial Crisis Debate on March 25, 2013 in London, England. Summers discussed “ways in which I believe the crisis will force a substantial reconstruction of macro economics and ways in which I believe the crisis will, over time, redefine the role of central banks.” Watch the video here.

UK Economic Policy Illogical

kfriendly — Tue, 26 Mar 2013 19:49:47 +0000

In an interview with Joe Lynam of the BBC’s Newsnight on March 25, 213, Summers talks about Cyprus, the Eurozone and the UK economy, saying “I have had some difficulty following the logic of British policy, I would have thought a loan guarantee is more or less the same thing as a loan. Both expose tax payers to risk of loss.” Watch the video here.

The New Economy Built on Sharing

kfriendly — Mon, 25 Mar 2013 13:41:26 +0000

On CBS Sunday Morning on March 24, 2013, Summers talks about the shared economy, saying “by bringing people together, by sharing our resources, we have a better economy.” Watch the video here.

Why Summers is Worried about Cyprus

kfriendly — Mon, 18 Mar 2013 20:58:03 +0000

In an conversation with CNBC’s Closing Bell with Maria Bartiromo and Bill Griffeth on March 18, 2013, Summers talks about the developing situation in Cyprus saying “the questions is, next time, will everyone be on much more of a hair-trigger than before?” Watch the video here.

Moving Forward with a Balanced Approach

kfriendly — Tue, 26 Feb 2013 15:07:54 +0000

In a conversation with CNBC’s Squawk Box hosts, Joe Kernen and Andrew Ross Sorkin, on February 26, 2013, Summers called the sequestration a “self-inflicted wound from which we have nothing to gain.” Summers went on to say, “this should be brought to a conclusion with a balanced approach.” Watch the video here.

Madness to Let the Sequester Go Into Effect

kfriendly — Tue, 19 Feb 2013 13:07:55 +0000

In a conversation with CNN’s Fareed Zakaria on February 17, 2013, Summers talks about sequestration, corporate tax reform and how we can create jobs in America. Summers said, “It would be madness to let the sequester go brutally into effect.” Watch the video here.