larrysummers
Larry Summers, former Secretary of the Treasury during Bill Clinton’s second administration, says 10 million Americans should go unemployed to tame the price rally amid a tight labor market. Larry Summers’ ViewsAccording to Summers, it will be the Federal Reserve that will cause the economic contraction by wanting to suddenly combat high inflation after having “let it go.” This sudden aggressiveness will have a severe impact on employment. Q1 2022 hedge fund letters, conferences and more “Why do we have to 'kill' the labor market? Inflation in the U.S. —the general CPI is 8.6%— has a high dema...
ValueWalk
In the new debate from nonpartisan debate series Intelligence Squared U.S., the debut of their Bloomberg TV show “That’s Debatable,” former Secretary of Labor Robert Reich and former Greece finance minister Yanis Varoufakis take on former Treasury Secretary Larry Summers and Manhattan Institute senior fellow Allison Schrager, debating the motion “It’s Time to Redistribute the Wealth.” Reich and Varoufakis say yes, Summers and Schrager say no.Q3 2020 hedge fund letters, conferences and moreThe live audience voted to determine the winner after hearing arguments on both sides. Though most viewers...
ValueWalk
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