Making Sense of the Trump Economy
Daily Friend American Dispatch October 12, 2025 Continue reading Making Sense of the Trump Economy
Tag: Larry Summers
A Proven Recipe for Economic Growth
Thirty-three years ago economist John Williamson wrote the Washington Consensus, ten policy measures that would assure sustained economic growth. They hold true today. The Daily Friend November 26, 2023 A proven recipe for economic growth Continue reading A Proven Recipe for Economic Growth
Updating the Washington Consensus
Back in 1989, a few months before the Berlin Wall came down, economist John Williamson outlined what he thought was an agreed upon formula for economic growth in developing countries. Williamson, a soft-spoken English academic, presented ten principles, policy reforms intended to boost living standards in what was still called the third world. They were: •Fiscal discipline •Pro-growth public spending •Tax reform •Liberalizing interest rates •A competitive exchange … Continue reading Updating the Washington Consensus
Washington Must Cut Back on Stimulus
Warning lights are flashing—gasoline is up 40%, home prices are surging, the labor market is tight, and supply disruptions are creating shortages. Inflation has doubled to a 13-year high of 5.3%. Unless the Fed scales back monetary stimulus, the economy will move dangerously close to a treadmill of spiraling inflation. To be clear, since the covid pandemic struck in early 2020 the Fed has done the … Continue reading Washington Must Cut Back on Stimulus
Barry D. Wood 