HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Larry Summers: U.S. ‘Obsession’ With Paper Debt Is Misguided. Lawrence Summers, February 11, 2014, Audio. "Lawrence Summers, who served as economic adviser to Presidents Obama and Clinton, says that more than any paper debt, he’s worried about leaving future generations with costs of work that should be done now. Summers tells Here & Now’s Jeremy Hobson that with interest rates so low, taking on debt is a better option than deferring infrastructure maintenance or cutting investment in education, science and innovation. He’s calling for significant infrastructure investment to help the economy..." Link