John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discussed the economy and whether government interventions had made the situation worse in “A Debate: ‘Are Government Interventions an Important Cause of Our Recent Economic Problems?’” with Lawrence H. Summers, the Charles W. Eliot University Professor at Harvard University and president emeritus of Harvard University on Wednesday, April 4, 2012. The event, the second debate between Taylor and Summers, was hosted by the Stanford Institute for Economic Policy Research (SIEPR).
“One of the most difficult things to think about in regards to the crisis is to say things could have been worse–of course they could have been,” said Taylor. “It’s so hard to run through the factual process of interventions–if we hadn’t have caused the damage, we wouldn’t have needed the interventions.”
Click here to watch the video of this event.