Friday, July 1, 2011

Larry Summers on Marketplace

Just back late last night from vacation, but former OPB Central Oregon reporter, and now Marketplace producer, Ethan Lindsey sent me an e-mail to alert me to a fascinating interview with Larry Summers on the debate over raising the debt limit.

Here is the teaser:

In one of his first interviews since leaving the White House, former National Economic Council director Larry Summers says he believes "reason will prevail" in negotiations over the debt limit because a default would spark a second, scarier economic crisis, a "Lehman Brothers on steroids."

Check it out.

1 comment:

Ben Price said...

If we default the debt doesn't just go away, we just pay a higher interest rate. And that has serious ramifications.