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mk · 3388 days ago · link · · parent · post: Larry Summers: Advanced economies are so sick we need a new way to think about them
Summers argued against a September rate hike. He actually has expressed interest in the Fed targeting nominal GDP, rather than inflation so they could be free to reduce effective rates even more. Summers seems to be saying that the action we take needs to be much greater.
BrainBurner · 3387 days ago · link ·
Boy, I misread that. I have no idea what I'm talking about here.