Monday, June 07, 2021

Sick Burn

All of Larry's friends suffering from serious sunk cost fallacy.
“Larry has gone unchallenged for decades. It’s time for other people to lead. The old models are out of place,” said Claudia Sahm, a former economist at the Federal Reserve who is supportive of Biden’s stimulus package. “You could say Larry Summers suffers from a skills gap in the current environment.”