HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
This Critique of the Fed isn’t Backed by Logic nor Evidence. Lawrence Summers, October 28, 2015, Opinion. "My friends Mike Spence and Kevin Warsh, writing in yesterday’s Wall Street Journal, have produced what seems to me the single most confused analysis of US monetary policy that I have read this year (Brad DeLong has expressed related views). Unless I am missing something — which is certainly possible — they make a variety of assertions that are usually exposed as fallacy in introductory economics classes. My problem is not with their policy conclusion, though I do not share their highly negative view of QE. There are many..." Link