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I know, if you overlay two Gaussians with different means and standard deviations... I get what he was trying to say (not that I agree the situation is so simpl
by dls2016 6y ago
I know, if you overlay two Gaussians with different means and standard deviations... I get what he was trying to say (not that I agree the situation is so simple). Yes, I was being sarcastic.
But to redirect, the point of my sarcasm is: what sort of track record does he have at predicting these things? He's the one who gave us a turd stimulus last time. And now he's putting his views on stroll again, why believe him?
https://www.theguardian.com/commentisfree/cifamerica/2012/jan/24/larry-summers-memo-hobbled-obamas-stimulus https://www.theguardian.com/commentisfree/cifamerica/2012/ja...
History hasn't treated him nicely and virtually no one is backing him up this time. And if he's so good at math, then what is the mechanism by which a few thousand extra dollars per family will lead to long term inflation problems? The whole thing is farcical and reeks of class warfare.