Reports on United States See all

Former Treasury Secretary Larry Summers

Recovery economics: Optimism or overheating?

Economists Larry Summers and Olivier Blanchard have long urged governments to engage in more stimulus but now have become critical of President Biden's spending plans. Though they are right that economic overheating and higher interest rates would be disastrous, at least the U.S. has an optimistic outlook – something that cannot be said for slow-moving Europe.

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