Larry Summers

The Real Barack Obama Is Finally Exposed To Everyone

"Denial is an extremely powerful thing, and tens of millions of Democrats were completely bamboozled by Obama due to their personal obsession with the man. This is precisely why cult of personality worship is so dangerous and counterproductive when it comes to politics."

Productivity Myths Shattered: Is Productivity Rising Or Falling? Why?

Those who are baffled by productivity never bothered to put their theories to rudimentary tests. Greenspan is correct that social benefits crowd out genuine investment; thus, those proposing some sort of guaranteed minimum living wage are totally off base. Entitlements are already a massive problem, let’s not make them worse.  Massive handouts have never solved any economic problems, and never will.

Weekend Reading: Fed Up

"The important point to note here is the historical deviation between exuberance and economic realities has generally NOT been resolved by reality catching up with fantasy. It has always been the other way around."

Will Donald Trump Reverse The War On Cash?

"The War on Cash is a mortal threat to individual and economic liberty. I think its advocates are clearly sociopaths and enemies of the common man. Unfortunately, I don’t see the war slowing down. I see it heating up."

Why The Cold War Between Tech CEOs and Trump Is About To Go Nuclear

The reason for the simmering cold war between tech CEOs and Trump can be summarized in just three letters: H1-B. According to Bloomberg, Trump's administration has drafted an executive order aimed at overhauling the work-visa program which will truly unleash tech CEO fury.

The Coming Era Of Depression Economics

"Like it or not, this is where we have been all along and a great many people are just now catching up. No matter what Janet Yellen says about the economy, she is talking out the side of her mouth. Internally, the recovery is gone, and it is never coming back."

Why Davos CEOs Think They Have Control Over Trump

While President Trump chose not to attend the elite extravaganza in Davos last week, choosing instead to lambast the great-est and good-est of the world's executives in their crony capitalist safe space, the cognitively dissonant CEOs reassured each other by saying 'ignore the tweets', confident that "if [Trump] knows the facts, he’ll respond according to the facts." It depends whose 'facts' those are, of course.