‘Some Really Disastrous Macroeconomic Policy Advice’

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Twitter is famous for its fierce arguments, but it’s rare to see economists throwing this kind of heat: “Anyone as clueless about reality as Larry should not be listened to.” Larry in this case is Larry Summers, the former Treasury secretary and one of the most prominent voices on economic policy — and also a frequent foil for the tweet’s author, Claudia Sahm. Sahm is no random gadfly: She spent 12 years as an economist at the Federal Reserve and invented the Sahm rule, a formula to detect the onset…

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