praise Larry Summers

I usually don't care about specific characters and the nuances of their character. all that interests me is the quality of the arguments. the word is usually" I use later, that we are all human and cognitive errors (overuse of stereotypes, for example) we admit practical, regardless of knowledge of the potential for these errors.

context aside, "who will be the chairman of the Fed?"" and the spheres of economic theory and practice, which are not Summers' areas of expertise, quite worthy of attention and quite interesting in itself. though, I think, which is somewhat overrated. Nevertheless, here is a pretty good argument for the current:

To be sure, there are steps that matter profoundly for the long run that should be priorities today. Data from the CBO imply that an increase of just 0.2 per cent in annual growth would entirely eliminate the projected long-term budget gap.

maybe, lack of emphasis on demographics and related welfare issues, but the general tone is correct – the goal of reducing cyclical budget deficits" – it is not "fighting a long-term debt problem". it is a politically motivated substitution of concepts.