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Entries with tag larry summers .

HARVARD PROFESSORS, LAWRENCE SUMMERS AND JASON FURMAN

FORTUNE: Do government deficits matter?

Does it matter? Old-time Cassandras, myself included, used to argue that big deficits would “crowd out” private investment, soak up savings, and push up interest rates. But today, interest rates are effectively zero—and financial markets seem to believe they will stay that way for decades. Government debt has passed the pull-your-hair-out benchmark of 100% of GDP, but low rates have kept debt service comfortably below 2% of GDP. As former Treasury Secretary Lawrence Summers told the Economic Club of New York yesterday, the government, if it wanted to, could lock in low interest rates for the foreseeable future with 30-year debt.

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PRESIDENT EMERITUS OF HARVARD UNIVERSITY LAWRENCE H. SUMMERS AND DEAN EMERITUS OF COLUMBIA BUSINESS SCHOOL R. GLENN HUBBARD

Bloombeg: American Workers Need Another ‘Treaty of Detroit,’ Summers Says

On Nov. 5, Harvard economist Lawrence Summers said that the U.S. shouldn’t pursue any more big trade agreements until the social safety net is strengthened. Summers said in a video conference hosted by the Economic Club of New York that if it were up to him, he would put trade deals on ice “until I felt confident that we were locking in progress on the agenda of combating local disintegration.”

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