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Friday, November 15, 2013

Larry Summers just confirmed that he is still a heavyweight on economic policy - Quartz

The entire speech is worth listening to:

Larry Summers just confirmed that he is still a heavyweight on economic policy - Quartz:

 Quote about Japan is stunning. Shows that predictions are hard, especially about the future.

"The extent of Japan’s stagnation is breathtaking: In 2013, the Japanese economy is only half the size economists in the 1990’s predicted it would be by now."

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