Top all-time · #3634
Lawrence H. Summers
Personal blog · larrysummers.comeconomicspolitics
Lawrence H. Summers's personal blog at larrysummers.com covers economics and politics. Since 2015, 21 different Hacker News readers have linked it 24 times. The last post was in 2023, but the archive is still widely read.
Too few sampled comments (8) to say how often HN recommends it.?
Why HN links it
HN readers link Lawrence Summers's posts on secular stagnation, the savings glut, infrastructure and automation, mostly as sources for their own points or when asking for a citation. The comments do not judge the writing.
Summarised by Claude from a sample of 8 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
Most-linked posts?
- /category/secular-stagnation/2 people · 2 mentions · first linked 2016-10-13
What Hacker News says?
Can you give a citation on "bipartisan support among economists"? All I have read seems to indicate economists are all in support for the other direction - that lowering corporate taxes at this moment is bad economics. [1] http://larrysummers.com/2017/10/22/one-last-time-on-who-bene... [2] https://www.cbpp.org/research/federal-tax/corporate-rate-cut... [3] http://microeconomicinsights.org/benefits-corporate-tax-cuts…
Comment linking /2017/10/22/one-last-time-on-who-benefits-from-corporate-tax-cuts/
on “Paradise Papers: Dear Tim Cook”Submitted The public has a right to know how companies that pay no taxes pull it off as a story · 592 points
HN discussionI agree with basic income, but most analyses of it are backwards. For most of history, governments addressed unemployment by starting wars. By shipping off to war, the unemployed temporarily get a job. They either come back dead or ready to take a new job in an economy revitalized by the stimulus of government war spending. John Maynard Keynes noticed this pattern, especially during the Great Depression and WW2, and…
Comment linking /2016/02/17/the-age-of-secular-stagnation/
on “Finland will hand out cash to 2000 jobless people to test universal basic income”Submitted People in the USA no longer share a common lived experience as a story · 54 points
HN discussionThis is exactly wrong. Automation happened already, 200 years ago. It upended society. It was called the Industrial Revolution. Things changed dramatically, and nothing remotely of that scale is occurring now. We are suffering today not because of technological progress, but rather the contrary: the rapid technological progress of the 20th century that brought tremendous economic prosperity to humanity has finally c…
Comment linking /2016/02/17/the-age-of-secular-stagnation/
on “The Long-Term Jobs Killer Is Not China, It’s Automation”Submitted Response to Marc Andreessen on Secular Stagnation as a story · 43 points
HN discussion>The savings glut is caused by ... There is not much investment happening in our economy There is not much investment in the economy because there is not much demand. There is not much demand because of income and wealth inequality. After all, what's the point of producing goods and services for people who can't afford them? > http://larrysummers.com/category/secular-stagnation/ Any economics projections made by Lar…
Comment linking /category/secular-stagnation/
on “America’s Dazzling Tech Boom Has a Downside: Not Enough Jobs”Submitted Disillusioned in Davos as a story · 35 points
HN discussionThe distribution of savings has little to do with it. The savings glut is caused by secular stagnation [1]. There is not much investment happening in our economy (savings and investment are two sides of the same coin). Since the 70s, there has been a net "value extraction" rather than "value creation" in the capital markets [2]. That is, rather than "retaining and reinvesting" profits, companies simply "downsize and…
Comment linking /category/secular-stagnation/
on “America’s Dazzling Tech Boom Has a Downside: Not Enough Jobs”Submitted Raising interest rates this year will threaten the Fed's major objectives as a story · 8 points
HN discussionYes. This is called secular stagnation. https://en.wikipedia.org/wiki/Secular_stagnation http://larrysummers.com/wp-content/uploads/2014/06/NABE-spee...
Comment linking /wp-content/uploads/2014/06/NABE-speech-Lawrence-H.-Summers1.pdf
on “Why did Warren Buffett invest $6B+ in centuries-old Japanese trading houses?”Submitted Covid-19 looks like a hinge in history as a story · 6 points
HN discussionI disagree. Not only can we no longer build large things, we are barely able to maintain the things we have. I lived in Cambridge MA during the repair of the Anderson Memorial Bridge, described here: http://larrysummers.com/2016/05/31/a-lesson-on-infrastructur... . Fixing a very modest bridge across a placid river took years, and cost far more than the inflation-adjusted original cost of the bridge (took longer than…
Comment linking /2016/05/31/a-lesson-on-infrastructure-from-the-anderson-bridge-fiasco/
on “Can America Still Build Big? A California Rail Project Raises Doubts”Submitted Stan Fischer as a story · 4 points
HN discussionAlso available at: http://larrysummers.com/2018/10/09/36229/ https://web.archive.org/web/20210820121158/https://www.ft.co...
Comment linking /2018/10/09/36229/
on “Larry Summers Visits America (2018)”Submitted Larry Summers: The inflation risk is real as a story · 2 points
HN discussionSubmitted The case for a proper program of infrastructure spending (2017) as a story · 2 points
HN discussionSubmitted Secular stagnation’ even truer today as a story · 2 points
HN discussionSubmitted Larry Summers Honours Kenneth Arrow as a story · 1 points
HN discussionSubmitted A Remarkable Financial Moment as a story · 1 points
HN discussionSubmitted No free lunch but there are cheap lunches as a story · 1 points
HN discussionSubmitted Larry Summers talk at LendIt 2015 conference – crowdfunding as a story · 1 points
HN discussionSubmitted Time US leadership woke up to new economic era as a story · 1 points
HN discussionSubmitted Response to Marc Andreessen on Secular Stagnation as a story · 1 points
HN discussion
