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Saturday, July 23, 2011

Was the Larry Summers Scene on the Social Network True?

In case you've missed it, this interview has made the rounds in the blogosphere lately.
MR. ISAACSON: So was that scene in the social network true?

DR. SUMMERS: I've heard it said that I can be arrogant.

DR. SUMMERS: If that's true, I surely was on that occasion. One of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three o'clock, there are two possibilities. One is that they're looking for a job and have an interview; the other is that they are an asshole.

DR. SUMMERS: This was the latter case. Rarely, have I encountered such swagger, and I tried to respond in kind.
The full video is here. Felix Simon provides a short profile and a good summary of the interview here. Summers' view on US macroeconomic policy is worth reading, whether you care about the US or not.


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