Advertisement

January 24, 2012

Uncertainty No Excuse For Inaction

Lawrence Summers, Washington Post

Send to a Friend

ft.com > Comment >

Remember me on this computer Sign in

January 23, 2012 8:39 pm

By Lawrence Summers

The year has started well for financial markets. Equities are generally up. European sovereigns have borrowed with an ease that has surprised many observers. Economic data, particularly in the US, have beaten expectations. So as President Barack Obama prepares to give his State of the Union address, and as policymakers and corporate chiefs come together in Davos, there is less alarm among the global community, though not yet a sense of relief. Indeed, anxiety about the future remains a major driver of economic performance.

The news coming...

Read Full Article ››

TAGGED: Lawrence Summers, Stimulus, economy

RECOMMENDED ARTICLES

May 9, 2012
Larry Summers v. the Passive Long-Termers
Ezra Klein, Washington Post
May 10, 2012
Why Stimulus Spending Keeps Failing
Robert Barro, Wall Street Journal
The weak economic recovery in the U.S. and the even weaker performance in much of Europe have renewed calls for ending budget austerity and returning to larger fiscal deficits. Curiously, this plea for more fiscal expansion... more »
May 7, 2012
Gross Domestic Product Worship Strangles Growth
John Tamny, Forbes
May 11, 2012
The 1930s & 2000s: Government Barriers to Growth
John Tamny, RCM
This speech was presented at the Jonathan Club in Los Angeles in December of last year.  As all of you know, the title of my speech is "Government Barriers to Economic Growth." Importantly, it's government barriers that... more »
May 18, 2012
Paul Krugman's Simple, Simplistic Reasoning
Caroline Baum, Bloomberg
It's a "remarkably simple problem," said Paul Krugman, Nobel laureate in economics, professor at Princeton's Woodrow Wilson School, New York Times columnist, devotee of John Maynard Keynes, leading voice of the left and lightning... more »