Larry Summers Wants More Deficit Spending (FT Op-Ed)

By Lawrence Summers

Critics have complained that the continued commitment by the administration of President Barack Obama to support recovery in the short term and also to reduce deficits in the medium and long term constitutes a “mixed message”. In fact, it is the only sensible course in an economy facing the twin challenges of an immediate shortage of demand and a fiscal path in need of correction to become sustainable.

Most economists across a broad spectrum would likely agree to three basic propositions about fiscal policy.

• Continue reading at the FT

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Hey somnolent punk Summers.  Your Keynesian crap doesn't sell well anymore.

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• Larry Summers Archive of Ridicule
  

Comments

[DailyBail]

Secondary Sources: Stimulus v. Austerity, Volcker, Steinbrenner

http://blogs.wsj.com/economics/2010/07/19/secondary-sources-stimulus-v-austerity-volcker-steinbrenner/

[john]

Summers Joins Andreessen VC Firm as Adviser

http://www.bloomberg.com/news/2011-06-29/lawrence-summers-joins-andreessen-horowitz-as-an-adviser-to-venture-firm.html

[snip]

Andreessen Horowitz was founded in 2009 by former Netscape Communications Corp. executives Marc Andreessen and Ben Horowitz. The firm has since raised $1.2 billion from investors and bought stakes in companies including Groupon Inc., Facebook Inc., Foursquare Labs Inc. and Zynga Inc. Summers’s experience in global economics and politics will help portfolio companies navigate through other countries, the firm said....

..... Bloomberg LP, the parent company of Bloomberg News, is an investor in Andreessen Horowitz.

[john]

Related to my 9:56 post.........

Zynga IPO Implies a $15-$20 Billion Valuation

http://www.cnbc.com/id/43564083

[snip]

As a Harvard Business School student, Mark Pincus scoffed at Wall Street firms whose interview questions he felt were beneath him. Now he’s hiring some of those very companies to help take his game maker, Zynga, public.

Zynga, the San Francisco Internet company responsible for FarmVille, Zynga Poker, and other popular online games, plans to file registration documents with the Securities and Exchange Commission as early as Wednesday to launch an initial public offering of stock, say people familiar with the matter.

[john]

Larry Summers appears in Facebook movie.

http://thecaucus.blogs.nytimes.com/2010/09/22/a-larry-summers-moment-on-the-big-screen/

Then...

Israel uses Facebook to blacklist, detain or deport Tel Aviv-bound travellers

http://www.thestar.com/news/world/article/1022008--israel-uses-facebook-to-blacklist-detain-or-deport-tel-aviv-bound-travellers

Then.. Here is the PR machine in action...

http://bits.blogs.nytimes.com/2011/07/07/a-walk-in-the-woods-with-mark-zuckerberg/

[john]

How 9/11 changed university life
By Lawrence Summers

http://blogs.reuters.com/lawrencesummers/2011/09/02/how-911-changed-university-life/