Larry Summers' Warnings and the Robots Taking Our Jobs

In a Washington Post column this morning, Larry Summers rightly points out that there is little reason to believe that President Trump has much to do with the US economy's relatively good performance over the last year. As he notes, most other major economies have seen even larger upturns relative to their predicted growth path.

In addition, it is worth noting that some of the uptick in the US may simply be due to the continuation of the Obama–Yellen recovery. As Jared Bernstein and I pointed...