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Biden ally Larry Summers, a former treasury secretary, said $2,000 stimulus checks would be a ‘serious mistake’ that could overheat the economy

Former US treasury secretary Larry Summers told Bloomberg on Friday that $US2,000 stimulus checks for Americans would be a “pretty serious mistake.” Summers, who was reportedly an adviser to President-elect Joe Biden’s campaign, said boosting consumer spending was the wrong route to economic recovery. The checks could overheat the US […]
Biden ally Larry Summers, a former treasury secretary, said $2,000 stimulus checks would be a ‘serious mistake’ that could overheat the economy
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Larry Summers says the US relief package would be hard to execute by the most competent government, calling the US government one ‘run like a highly opportunistic family real-estate business’

https://www.facebook.com/plugins/video.php Former US Treasury Secretary Larry Summers is worried about the execution of the US relief package that he says would be enormously difficult for the most competent of governments. Instead, he adds, “We have a government that is run like a highly opportunistic family real-estate business where people who […]
Larry Summers says the US relief package would be hard to execute by the most competent government, calling the US government one ‘run like a highly opportunistic family real-estate business’