America's Economic Future – A Discussion By Ted Kavadas
Saturday’s (June 19) Boston Globe contained an interview with Larry Summers on the state of the economy. I found the phrasing in a couple of his statements, as seen below, notable: “Summers, the former Harvard University president and Treasury secretary under President Clinton, presented a cautious, measured view of economic conditions. For example, after expressing …
As a follow-up to yesterday’s post, here is a passage from Larry Summers’ March 13, 2009 speech that speaks of the importance of economic strength in achieving broader societal goals: “Our single most important priority is bringing about economic recovery and ensuring that the next economic expansion, unlike it’s predecessors, is fundamentally sound and not …
Here is one more excerpt from Larry Summers’ speech of March 13. I find this excerpt to be of particular significance with regard to the concept of Sustainable Prosperity: http://www.brookings.edu/events/2009/0313_summers.aspx “Of fundamental importance is ensuring that we do not exchange a painful recession for another unsustainable expansion. That would not only be irresponsible – it …
As I, as well as others, have been frequently mentioning bubbles, I thought it would be interesting to post a few comments (excerpts) that Larry Summers made concerning their effects during his March 13, 2009 speech. I found these comments to be very interesting, especially in light of our current economic condition and prospects for Sustainable Prosperity. …