I respected Larry Summers, but he has become drunk on the Kool Aid. He was one of the few knowledgeable people in the Obama Administration. Now the devil has stolen his soul. The continuing of eternal unemployment insurance crushes incentive. Summers said that a few years ago and was right. Now.....it's party line.... Sad end to a great man. Spines are in short supply in DC.
online.wsj.com
The Wall Street Journal writes that Larry Summers's new economic stance is pay people for not working, and more people will work.
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