Ben Bernanke vs. Larry Summers - a wonky blog fight.

This is an automatically generated TL;DR, original reduced by 86%.

When Bob Corker didn't rise to the bait on Monday, Bernanke turned his attention to former Treasury Secretary Larry Summers and his secular stagnation thesis.

Ben then suggests that the problem is more likely to be a global savings glut-he provides data tables at the end of his post to back this-than secular stagnation.

As Summers has proposed, if secular stagnation is the reason for slow growth and low interest rates, expansionary fiscal policy could be helpful; and, in the longer run, the government could also take steps to improve the returns to capital investment, such as offering more favorable tax treatment and supporting research and development.

Extended Summary | FAQ | Theory | Feedback | Top five keywords: Ben#1 secular#2 stagnation#3 Larry#4 policy#5

Duplicates found in /r/economy, /r/POLITIC and /r/Economics.

/r/POLITIC Thread Link -