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ThurberMingus · 3173 days ago · link · · parent · post: Larry Summers: Interest rates are at inconceivable levels, and we must confront what that means
I think that is true if most policies. Every one believes their view is the most objective and everyone else is biased. It makes diagnosis more like whack-a-mole.There is much more to be said about policy going forward. But treatments without accurate diagnoses have little chance of success. We need to begin with a much clearer diagnosis of our current malaise than policymakers have today.