Lawrence H. Summers

Larry Summers

71st Secretary of Treasury and 27th President of Harvard University

THIS CHAT HAPPENED ON March 22, 2016

Discussion

Lawrence H. Summers
Lawrence H. Summers@lhsummers · Charles W. Eliot Professor, Harvard
I am Larry Summers, former Treasury Secretary and President Emeritus at Harvard University. I am now a professor at Harvard and I am delighted to be here today. I look forward to answering any questions you might have on the economy or higher ed.
Larry
Larry@larry_lawal
@lhsummers The Chronicle of Philanthropy put out a chart last week showing GoFundMe has raised more money in 2015 than most top charities and is on track to raise more money than Harvard University annually. What are your thoughts on the potential of crowdfunding and what role do you think crowdfunding will play in solving economics like those within healthcare?
Topaz Tee
Topaz Tee@topaz_tee
What do you envision will be different about higher ed in 5 years time?
Samir Durrani
Samir Durrani@samird · Junior, Harvard College
What sort of effects do you predict will come of increasingly accessible economic data–perhaps data that we never had before, or data that is close to real-time. In what ways do you think it will change how governments, financial institutions, and companies observe, analyze, and react to economic trends?
Niv Dror
Niv Dror@nivo0o0 · VC at Shrug Capital
@lhsummers hey Larry! Thanks for joining us. What are your thoughts on Bitcoin has a viable currency? Particularly in 3rd world countries (since in America our credit cards / Apple Pay seem to be the more convenient method of transacting).
Laszlo Levente Mári
Laszlo Levente Mári@laszlolm · CEO @ Dakai - Blockchain Services
Helo Mr. Summers, I'm glad you accepted this Q&A session! Which student(s) do you think are your most talented students under your presidency at Harvard?
Charles LaCalle
Charles LaCalle@charleslacalle · UrbanTech Investor @ Dreamit Ventures
Thanks so much for taking the time to do this! Many people in tech and venture capital have written about the idea of a basic income. Sam Altman of Y Combinator: "I’m fairly confident that at some point in the future, as technology continues to eliminate traditional jobs and massive new wealth gets created, we’re going to see some version of this at a national scale." What are your thoughts on basic income as a valid policy proposal? Or what alternative policy could better help alleviate inequality/poverty?
Larry
Larry@larry_lawal
@lhsumers Hi Larry! Thanks for taking time to do this. Why do you think there is an under-representation of female/minority scientists at elite universities or as founders/engineers of venture-backed technology companies?
Seth Louey
Seth Louey@sethlouey · 🙌 2017 & 2016 Maker of the Year Nominee
@lhsummers Thank you for joining us today. If you could change one thing about our economy, what would that be and how would we go about making that change?
Harry Stebbings
Harry Stebbings@harrystebbings · Podcast Host @ The Twenty Minute VC
Mr Summers, I bow at your presence. I have to ask, this sounds supercilious and shallow. Is the meeting in the social network with the Winklevoss twins an exaggeration or was that your genuine reaction to their notion of FB being a $bn company? Would so love to hear this one and hope I am not being rude.
Bobby
Bobby@bobby_dietrich · Operations
Should the natural rate of unemployment be adjusted? And what do you think that rate will look like when AI becomes the new norm?
Joe Cerami
Joe Cerami@josephrcerami · Univ of St Thomas-Houston
Is it true that there are more lawyers than economists in the US Treasury Department?
Keith Jacks Gamble
Keith Jacks Gamble@keithjgamble
What is the future of higher education in the United States? How much does the result of the presidential election matter to your answer?
CP Ma
CP Ma@cpma_nl
Hi, what are Japans options to solve the government debt problem in the future ( besides money printing i.e. monitisation) and what option is most likely?