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Brilliant exposition Summers! Like Milei said "I don't know if Lefties hate more empirical evidence or taking a shower" 😂😂

With the hydrogen economy building out, thoughts of retrenchment would be premature. A new era of cheap energy will greatly improve the world's economic dynamism.

Good Presentation

European agro lobby won’t let the agreemment get sattle… colonizers

Inflation and proxy wars

Ov Ovil

Chinese CCP is buying its time and is behaving nicely for access to capital from global market inorder to wriggleout of a disastrous financial situation in China. US and west should not be fooled and no access to global capital should be offered to Chinese CCP under any circumstances.

In an advanced society is it worth slowing down growth with the advantage of more monetary control for the lost efficiency and added risk of retraining displaced workers at an unknown cost and outcome for each person. Homeostasis declares that any self-regulating process by which an organism tends to maintain stability while adjusting to conditions that are best for its survival. No change to Ph and temperature often win against rapid changes.

Great talk !

Her jewelery game is beyond excellent.

Summners is such a tool. Summers: “Third, the world has fared very well. Relative to the time when I was chief economist of the World Bank at the beginning of the 1990s, child mortality rates are less than half of what they were then. Literacy rates are more than twice what they were then. Poverty rates, terms of extreme poverty are less than 40% of what they were then.” If you know math, you’ll know over 33 years if things improve by 2.2%/yr you’ll have double the values (or equivalently half). So child mortality rates improving by 2x is nothing more than 2.2%/yr improvement a year. Same with literacy rates. Extreme poverty is roughly half as well. Nothing to do with macro-economics just incremental improvements over time, coming from a low base.

the only problem is that the times of economy has gone, Chinna preparing to nuke you sleep well

My identity has been used or criminal activity since 1991

South America, South East Asia know what the original Washington consensus brought them. They won't get tricked a second time.

Washington consensus declared obsolete

WTO, IMF, all other Pax Americana pieces belong to history’s garbage

Came here from the discussion of Adam Toozes “Crashed” with Mr. Bayoumi a participant. So appreciate Mr. Bayoumis careful view, with easily u nderstood visuals. I’ve followed this as an interested bystander since 2008 but this is the first time that I’ve heard a credible explanation. I’m not an economist nor have any experience with these questions. Certainly wish I’d heard this when it was released. I’ll be on the lookout for more from Mr Bayoumi. Hope others will too !

Holiday inn Express

Norwegian citzen save nothing, highest household debt in world

used the insights from your book in my IR essay on North Korea's nuclear proliferation. Thank you for interesting ideas!

That came across as very conceited to me. As though normal people, don't understand comparative advantage or can't see the benefits of trade! Comparative advantage has existed as long as barter, else why did people barter at all? The problem with economists is they see the world as a simplified model and think that arguments like "would you rather have $1 more in your pocket or not" is how you might make a decision on free trade. Economies are complicated but one thing is certain. Those with the wealth and power at the top are not looking at how they can benefit those at the bottom. That would be just a lucky side-effect if it were to happen. Most people would give up an extra dollar if it meant a fairer society, stronger community and greater security for their families.

Excellent presentation.

thanks for uploading this

This speech is as candid as the CEA could ever get on various issues and opportunities that confronts the Indian economy. Wonderful!

Completely ignored that free trade takes away all power from labor to be able to strike for improved wages/conditions. Ignored that the profits of free trade while thinly spread among the population are condensed at the top. Skipped entirely that since the US has been pushing free trade the middle class wage increase has not kept pace with inflation. I feel this is something that free trade people have done quite a good job at hiding is just how poor people really are because the goods they've been buying have gotten cheaper and the reality only hits when they go to buy something like property. I was also rather disgusted by how your portraying free trade as trade when in reality it frequently is just offshoring production.... You're completely ignoring the dangers of losing expertise in various fields on a national level. If there is a disaster or a war and you cannot import your steel or electronics after you've closed local production you have to start from the bottom up. Suicide rates are up, opiate addiction is up and its only going to get worse. A universal basic income is not going to fix people that feel worthless because they can't find a job and the standard of living that will be provided will be poverty level at best. The future looks fun, Cheers!

Perhaps it has something to do with the fact that economists have been selling the wrong notion of comparative advantage; one that has very little if anything in common with Ricardo's original insight in the Principles. See here: www.worldeconomicsassociation.org/files/journals/economicthought/WEA-ET-6-1-MoralesMeoqui.pdf