From our studios in new york city, this is charlie rose. Larry summers is here. He is president of harvard university. He served as director of president obamas economic council. The ecb said they will buy more than one trillion in assets. I am pleased to have Larry Summers back at the table. You were at davos, i was at davos. What was the sense about the economy and the state of the world . The theme was said to be the context. Charlie, it was something intermediate. It was not euphoric but not as dark as it was in 2009 or 2010 at the height of the financial crisis. There is a growing concern about a deflationary psychology, a sense of stagnation. Almost pathologically low Interest Rates. Taking hold in many places. There was an undertow of concern. I think people admired what mario draghi did. They admired it more than they were confident it would be sufficient to solve europes profound problems. That is your position. That is what i believe. I think people were also not 100 certain
From our studios in new york city, this is charlie rose. Larry summers is here. He is president of harvard university. He served as director of president obamas economic council. Last week, the ecb said they will buy more than one trillion in assets. I am pleased to have Larry Summers back at the table. Welcome. Good to be with you, charlie. You were at davos, i was at davos. What was the sense about the economy and the state of the world . Because the theme was said to be the context. Charlie, it was something intermediate. It certainly was not euphoric but not as dark as it was in 2009 or 2010 at the height of the financial crisis. I think there is a growing concern about a deflationary psychology, a sense of stagnation. Very very almost pathologically low Interest Rates taking hold in many places. There was an undertow of concern. I think people admired what mario draghi did. But, they admired it more than they were confident it would be sufficient to solve europes very profound pro
From our studios in new york city, this is charlie rose. Larry summers is here. He is president of harvard university. He served as director of president obamas economic council. The ecb said they will buy more than one julian trillion in assets. I am pleased to have larry selmers summers back at the table. You were at doubles, i was at doubles davos, i was at davos. What was the sense about the economy and the state of the world . The theme was said to be the context. Charlie, it was something intermediate. It was not euphoric but not as dark as it was in 2009 or 2010 at the height of the financial crisis. There is a growing concern about a deflationary psychology, a sense of stagnation. Almost pathologically low Interest Rates. Taking hold in many places. There was an undertow of concern. I think people admired what mario draghi did. They admired it more than they were confident it would be sufficient to solve europes profound problems covered that is your position. That is what i be
From our studios in new york city, this is charlie rose. Larry summers is here. He is president of harvard university. He served as director of president obamas economic council. The ecb said they will buy more than one trillion in assets. I am pleased to have Larry Summers back at the table. You were at davos, i was at davos. What was the sense about the economy and the state of the world . The theme was said to be the context. Charlie, it was something intermediate. It was not euphoric but not as dark as it was in 2009 or 2010 at the height of the financial crisis. There is a growing concern about a deflationary psychology, a sense of stagnation. Almost pathologically low Interest Rates. Taking hold in many places. There was an undertow of concern. I think people admired what mario draghi did. They admired it more than they were confident it would be sufficient to solve europes profound problems. That is your position. That is what i believe. I think people were also not 100 certain
Moment to put carbon taxes on for the long run Global Climate its a moment when the price of gasoline is lower than people ever thought it would be. If ever there was a right moment to put a gasoline tax in place to fund the Infrastructure Investments that we were talking about this has got to be an extraordinary time. Rose we conclude with ayad akhtarred pummitieser pummitieser Pulitzer Prize winning playwright whose play disgrace is now on broadway. I have had three plays about a Muslim Identity and a book, all of that subject work i wrote or was inspired to write six, seven years ago and have been working, have gotten through first drafts basically about five years ago. So its interesting that you know whats coming out now, a lot of times people say it feels like its ripped from the headlines. I dont know that that is the case. Its in dialogue, i think that the world is evolving out there. Rose Larry Summers and ayad akhtar when we continue. Funding for charlie rose is provided by t