5 Comments

Always nice to get a plug! ;-)

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Hmm, I notice that Larry Summers talked about everything but wealth redistribution: aka taxation.

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One thing I don’t understand about Larry Summers’ argument: how can five-year forward-looking inflation expectations of 3.5% compared to a 2.0% target (his numbers) in 2022 demand the same harsh medicine as 10-11% expected inflation in January 1980 (looking at FRED data)? It seems like one of these things is not like the other, or at least not as bad as the other.

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but not about your book. Just its thesis.

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Larry Summers appears to be underinformed

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