Wednesday, October 25, 2017

At to the lowest degree I am consistent

Here is the memo that Larry Summers sent to President Obama when the 2009 stimulus packet was beingness debated. It was originally confidential, precisely somehow it has of late been made world as well as is immediately going viral.

I brand a brief cameo appearance on page 11: "Greg Mankiw is the exclusively economist nosotros bring consulted amongst who refused to advert a discover as well as was by as well as large skeptical virtually stimulus." I explained my skepticism here. Of course, the fact that I was "the exclusively economist" expressing skepticism reflects the hit of economists that Team Obama chose to consult.

Sumber http://gregmankiw.blogspot.com/

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