“We read Mr. Summers’ commentaries regularly, in the Financial Times. We don’t recall a single insight worth repeating or a single proposal that merits further discussion. Like Tom Friedman, he sees problems everywhere and finds solutions for them readily. And every solution he comes up with would be neat, logical, and disastrous. Unintended consequences? Has he ever heard of the concept? For him, reason has no limits…intervention has no risks…and the world has no black swans. Seeing no danger to further monetary stimulus, he will put the pedal to the metal and run at full speed…right into a brick wall.”

http://www.equitymaster.com/dailyreckoning/detail.asp?date=08/07/2013&story=10&title=What-if-Mr-Summers-werent-so-brilliant-after-all

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy