Friday, February 10, 2012

Larry Summers needs an education if Felix quotes him correctly

In one of his biggest errors as economic advisor to the president, Larry Summers told Barack Obama that “It is easier to add down the road to insufficient fiscal stimulus than to subtract from excessive fiscal stimulus. We can if necessary take further steps.” Felix
One has to be damn stupid to get a college degree in economics and not get the stimulus issue. Any theory of stimulus has a declining value added over time since the crash. I mean, that is the definition of a stimulus almost. That Larry could casually throw out this line implies his ability as math are very scarce.

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