Larry Summers deserves more credit than merely being labeled a naysayer. He is highly respected as an economist, and is well qualified to present an opinion that is counter to that of others with less experience or credibility in his field.Larry Summers was a naysayer against the widely accepted belief that recent inflation would be "transitory" once supply chain delays were resolved. Turns out he was right-- it is proving harder to quell than expected. But also nothing like the stagflation of the late 70s/early 80s, and also nothing like the 45% inflation PER MONTH that I experienced in Brazil in 1987.
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