FAST FIVE: The "Last Hurrah" For Central Bankers
Market observers can't be blamed for feeling the same way about former Fed Chair Ben Bernanke.
Meanwhile, negative interest rates do not encourage people to spend as Bernanke expects.
I've counted at least 13 times when the Fed flip-flopped on policy because they couldn't get the forecast right.
But if monetary policy isn't the answer, what does Summers think the answer is.
But the idea of direct government spending to stimulate the economy is the same, and it's gaining traction in official circles.