Remarks
Summers and Krugman Debate Stimulus. Here’s a Blow-by-Blow Account
The heavyweight economists disagree on whether Biden’s $1.9 trillion package is too big.
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When two of America’s best-known and sharpest-elbowed center-left economists disagree on the Democratic president’s first big domestic initative, it’s news. When they debate their differences in a videoconference, it’s time to break out the popcorn. Here’s a blow-by-blow account.
The Feb. 12 discussion of President Biden’s $1.9 trillion coronavirus rescue plan, which was hosted by Princeton University economist Markus Brunnermeier, pitted Lawrence Summers, the former Treasury secretary, National Economic Council director, and Harvard president, against Paul Krugman, the Nobel laureate formerly of Princeton and now at City University of New York.