Matthew Yglesias @mattyglesias
All these pessimistic Summers tweets are correct but he’s talking about (a). I think the more serious issue is (b) and the prospects for (b)-focused policy change are better, it’s just mostly out of the Fed’s hands. — PolitiTweet.org
Lawrence H. Summers @LHSummers
The history of developed countries since 1970 is very discouraging about the prospects of bringing down 8 percent inflation.
