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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’
By Grabien Staff


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.”


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