They just hold them. But calling it corruption makes it seem like an individual rather than social problem. How much can we get? Post Keynesians mostly reject both Yup. Apples and oranges Marc. The OP is the equivalent of saying that Romney was advocating for higher taxes on the rich than Obama was:
I think JQ goes too far in his last post.
Why isn't Ben Bernanke in prison?
Second, in any case, this is a public debate about the public actions of a public official. What would be the frame of public interpretation of her actions? If a sandwich demand pushes the cost of wheat way up and other prices fall, thats not inflation. Oh for the love of God, De Long. Third, it seems to me that even if you accept everything DeLong says as true, Summers still comes out looking bad.