Larry Summers’ Shocking Ignorance About Health Care Economics

By: Monday April 22, 2013 10:20 am

Just when I think there aren’t enough reasons to disdain Larry Summers he goes out his way to create new ones.

Last week Summers said it was a good thing America didn’t adopt a universal health care system in the 70′s. When Ezra Klein challenged him to defend this statement Summer could only provide confusing nonsense that got all the basic facts wrong. From Wonkblog:

 

It’s So Cute When People Who Couldn’t See an $8 Trillion Housing Bubble Tell Us How Markets Will React to the Ending of the Bush Tax Cuts

By: Wednesday November 14, 2012 6:08 am

The Washington Post has been as aggressive as any Republican in Congress in hyping the dangers of letting the Bush tax cuts expire. It has run numerous front page pieces telling readers of the dire consequences of letting January 1 pass without a deal (e.g. here and here). Today Wonkblog warned of us the real bad news of going off the fiscal cliff!!!!!!!

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