2 ms·
> His influence significantly reduced the size of the stimulus bill Well, he also caused the IRA to pass by telling Manchin that it wouldn't be inflationary.
by astrange 3y ago
> His influence significantly reduced the size of the stimulus bill
Well, he also caused the IRA to pass by telling Manchin that it wouldn't be inflationary.
But remember when he released this prediction in 2021?
> Larry Summers on U.S. economic outlook:
> 33% odds of stagflation
> 33% odds of recession
> 33% rapid growth, no surge in inflation
All that hedging and then none of those things happened!