I think we are anchoring economic performance far more in the psychological state of business than any set of empirical studies of investment.
Former treasury secretary Larry Summers has been vocal about his disagreements with the current direction of US economic policy, particularly in the areas of trade, tariffs, and the rethinking of international agreements on commerce and investment. What would he do differently? What do we need to do to really ensure economic growth? He speaks with Gillian Tett, US Managing Editor of the Financial Times.