Posts Tagged ‘” Lawrence Summers’

  • Monetary Policy Tool Kit

    The One Question They Should Have Asked Janet Yellen

    Nov 19, 13 • 1010 Views • No Comments

    This bingo card was tweeted by Quartz just before Fed chair nominee Janet Yellen spoke to the Senate Committee on Banking, Housing and Urban Affairs. It reminded me that Monetary Policy is not what it used to be. For years, teaching monetary policy was......  [read more]

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    A Mixed Economy: Ownership Incentives

    May 14, 13 • 655 Views • No Comments

    Thinking about our mixed economy in which government and the market intermingle, I have always gravitated to this quote from former Secretary of the Treasury, Lawrence Summers: “In the history of the world, nobody has ever washed a rented car.”......  [read more]

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    Car Rentals and Cuban Houses

    Nov 11, 11 • 538 Views • No Comments

    Have you ever washed a rented car? Former Treasury Secretary Lawrence Summers tells us that, “In the history of the world,” no one has. For rental cars and Cuban houses, lack of ownership is the common denominator. When Fidel Castro took control......  [read more]

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    Replacing Broken Windows

    Mar 24, 11 • 374 Views • No Comments

    During a CNBC interview, former Treasury Secretary Lawrence Summers said that Japan’s massive earthquake “…may lead to some temporary increments, ironically, to GDP, as a process of rebuilding takes place.” Commenting on the interview,......  [read more]