Is Larry Summers Goading Jerome Powell To Kill The Economy?
New article posted on Forbes. Read it with your Forbes subscription or check back here in 5 days for the full release.
Guessers of the unguessable are right half the time. Larry Summers was lucky to predict inflation based on an argument about stimulus raising prices that's unsupported by the facts. Now he's using his "clairvoyance" to goad the Fed to overreact and kill the economy.
Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.