Summers: We Had ‘Inflation Under Control for 40 Years’ But ‘We Lost the Thread’ with Biden’s $1.9T Stimulus
‘ We lost the thread ... about year and a half ago’
Sep 29, 2022 1:00 PM
By Grabien Staff
Current TimeВ 0:00
/
DurationВ -:-
Loaded: 0%
0:00
Stream TypeВ LIVE
Remaining TimeВ --:-
В
1x
2x
1.75x
1.5x
1.25x
1x, selected
0.75x
0.5x
Chapters
descriptions off, selected
captions settings, opens captions settings dialog
captions off, selected
This is a modal window.
The media could not be loaded, either because the server or network failed or because the format is not supported.
Beginning of dialog window. Escape will cancel and close the window.
End of dialog window.
EXCERPT:
SUMMERS: "We basically had inflation under control for 40 years, despite the fact that the price of oil fluctuated, despite the fact that there were all kinds of supply shocks. We lost the thread, along with many other countries, about a year and a half ago with massively expansionary policies, relative to the size of the GDP gap.”