The exchange between the former chairman of the U.S. Federal Reserve Ben Bernanke and Harvard University economist Lawrence Summers in their attempts to account for why there has been no real recovery from the 2007-08 Global Financial Crisis (GFC) has fascinated mainstream economic circles. Ben Bernanke Summers, it will be recalled, has been a leading US mainstream academic economist for decades. He served as 71st US Treasury secretary in the Clinton administration. In that capacity, he …
