An example of a behavior we mentioned some years ago:
*William Bernstein (No slouch either, M.D. Neurologist, PhD. Chemistry, dabbler in Modern Portfolio Theory, Bestselling Author, etc.) in one of his Efficient Frontier pieces, "Zvi Bodie and the Keynes’ Paradox of Thrift" described the professor as "Academician, raconteur, and all-around good guy Zvi Bodie...".
Then he rips his lungs out. Very typical in the academy:...
From Lawrence H Summers:
I am disappointed by the tendentious & selective analysis of team transitory acolytes who keep finding new arguments for their conclusion that inflation is @ to subside & policy should be dovish. I focus on @paulkrugman because he is so clear & smart. 1/N https://t.co/hCEI9uEzWO
— Lawrence H. Summers (@LHSummers) October 17, 2022
.@paulkrugman would be more convincing if he had focused on the housing distortion when it was holding overall inflation down in 2021. He would be more credible if he acknowledged that new rental price inflation of his cited measure (Zillow) is still running at 6 percent. 3/N pic.twitter.com/iRRvdeLR8k
— Lawrence H. Summers (@LHSummers) October 17, 2022
....MUCH MORE (thread)
Previously on the Paul & Larry Traveling Good Time Show:
When Paul Krugman and Larry Summers Had A Live Debate On Inflation (Princeton, January 21, 2022) [part II]
If interested here is the video hosted at Princeton.
Here is the video for Part I, "Will the Biden Stimulus lead to Inflation? A Conversation with Paul R. Krugman and Lawrence H. Summers", February 12, 2021, no transcript (it was via Zoom) but we do have Bloomberg's "Summers and Krugman Debate Stimulus. Here’s a Blow-by-Blow Account"
