Larry Summers has struck again with yet another missive agonising about inflation risks. What is somewhat interesting about this latest piece is that parts of it could have been written by myself. Unfortunately for Summers, that is not exactly complimentary for his world view, for reasons that I will explain.
"The other angle is that Larry Summers was angered by being passed over by the Biden administration, and he is just throwing anything he can at the wall and hoping it will stick."
"The other angle is that Larry Summers was angered by being passed over by the Biden administration, and he is just throwing anything he can at the wall and hoping it will stick."
Sounds plausible to me!