3 ms·
If this article indicates the quality of his other work you should stop reading. Naming Summers over and over again is a red flag for me. I respect the guy. I
by thoughtstheseus 5y ago
If this article indicates the quality of his other work you should stop reading.
Naming Summers over and over again is a red flag for me. I respect the guy. I think he was the last Treasury Secretary to have a balanced budget (Clinton)(?) Dude was vital in mitigating the fallout from the Asian financial crisis. Whatever.
The author seems to focus on corporate profits but fails to slice that by industry… software services are booming.
He explicitly ignores productivity gains. Many companies became more efficient due to the pandemic. I could go on and on here…