Soft Landing: Larry Summers On Inflation, Debt, And A Looming Recession
GoodFellows: Conversations from the Hoover Institution
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Is There a Soft Landing Here?
The task of managing a soft landing here is an extraordinary acult one for any federal reserve. i would say my secret sauce is arithmetic, not complicated mathematics. I discounted complicated dynamics. Socasti general equilibrium models, which i think of as inevitably being prisoners of the recent past. How much room is there left in the bath tub? How much waters being put in the bathtub? Is the bath tub going to overflow? And your answer there connoth gave some more evidence for that view because you immediately went to an analogy with the late sixties and early seventies.
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