Free Republic

A recent research paper by four noted economists, including Larry Summers, the former Treasury Secretary under Barack Obama and former Harvard President, discovered that the real inflation rate during the Biden years, using pre-1983 calculations reached 18% in 2022. The number is the highest inflation rate the country has seen in over 50 years. This research project was published by these four authors at the nonpartisan National Bureau of Economic Research in late February and is just now making waves. Marijn A. Bolhuis is an economist in the Macro Policy division of the International Monetary Fund’s Strategy, Policy, and Review...

A wave of inflationary signals means that the Federal Reserve's next move could be a rate hike, former Treasury Secretary Larry Summers said. "There's a meaningful chance, maybe it's 15%, that the next move is going to be upwards in rates, not downwards," Summers said during an interview on Bloomberg TV on Friday, adding that the Fed has to be "very careful." His read on recent key inflation indicators in January, including a 3.1% year-over-year increase in the consumer price index and a 0.9% rise in the producer price index, formed the basis of his rationale. He added that the...

Larry Summers, the former Treasury Secretary and Harvard University president, blasted the Ivy League school’s administration over its lack of response to dozens of student groups who blamed Israel for Hamas’ surprise attack this weekend. “In nearly 50 years of @Harvard affiliation, I have never been as disillusioned and alienated as I am today,” Summers, the former Treasury Secretary under Bill Clinton who later went on to advise Barack Obama in the White House, wrote on his X social media account. “The silence from Harvard’s leadership, so far, coupled with a vocal and widely reported student groups’ statement blaming Israel...

A vast trove of Jeffrey Epstein's private calendars and emails are being revealed today by DailyMail.com. The hundreds of pages in the files give an unprecedented insight into the late pedophile's extraordinary network of power and influence. Among the revelations is that Epstein appeared to know personal details about the marriage of Bill Gates and his ex-wife Melinda – while magician David Blaine had numerous dinners with the financier.

Larry Summers, former U.S. secretary of the treasury and former president of Harvard University, called for the Western governments to “seize” Russian government assets held in international banking institutions to “support” Ukraine and other countries during an interview with CNN’s Fareed Zakaria aired on Sunday. .@LHSummers says the U.S. should “seize” Russian assets held in international banks & redistribute them to Ukraine & “other nations” as well pic.twitter.com/vibKS065kh — Tom Elliott (@tomselliott) February 27, 2023 Summers framed reparations paid by the German government to the Soviet Union after World War II as a precedent for seizure of Russian government assets.

Larry Summers — who served as treasury secretary under former President Bill Clinton and was the director of the National Economic Council under former President Barack Obama — admitted during a Friday interview on Wall Street Week that cancelling the Keystone Pipeline was a "mistake" and that slowing oil permits and "being hostile as a country" toward natural gas were errors as well. What are the details? During the interview, Summers was asked about the OPEC+ move to slash oil production by 2 million barrels a day in order to control prices — a move that was a blow to...

VIDEOLarry Summers who was Treasury Secretary during the Bill Clinton administration recently pinpointed the exact day that inflation began surging. As you can hear from him, this inflation was entirely AVOIDABLE. However, a certain event occurred on the day he was referring to. Can you guess what that was?

The left has tried every trick in their “global warming” bible to convince the majority of Americans that climate change is not only real, but it’s also urgent. Or, as Special Presidential Envoy for Climate [ROFL emoji] John Kerry and other “climate change” loons love to say, with great drama: the existential threat of mankind.Considering that “existential” refers to existence (hence, the very existence or extinction of mankind), climate change loons like world-renowned climatologist Rep. Alexandria Ocasio-Cortez — who has literally said, “The world is going to end in 12 years if we don’t address climate change” — continue to...

Congress is missing an opportunity to combat decades-high inflation by failing to implement tax hikes, former Clinton administration Treasury Secretary Larry Summers asserted on Friday. Summers...argued that lawmakers should consider raising taxes as another means of cooling the economy — with a focus on corporations and wealthy Americans. While Summers backed tax hikes on the wealthy — a measure also supported by President Biden and many prominent Democrats — he noted that it was “not the time for stimulative fiscal policies.” In particular, he said Biden should not extend the lengthy pandemic-era moratorium on student loan payments or use tax...

A Washington Post columnist suggested Monday that the magic solution to rampant inflation and supply chain impediments would be to allow more illegal immigrants into the country. Catherine Rampell wrote a piece titled that “Democrats are missing the bigger immigration issue,” noting that “Democrats are terrified that a coming border surge might tank their midterm chances.” She then went on to suggest that problems will occur not with “too many immigrants” but rather “too few.” Rampell claims, without any evidence or authority, that inflation will start to recede if there are more migrants “who can fill critical labor-market shortages.” She...

Economist Lawrence Summers tore into President Joe Biden for redirecting the blame for America’s inflation crisis. Summers, Obama’s former National Economic Council director, said Biden was flat-out “wrong” to blame inflation on Russia’s invasion of Ukraine during a March 11 segment on Bloomberg TV’s Wall Street Week. Inflation hit 7.9 percent in February on a year-to-year basis, its highest level in more than 40 years. Summers was blunt: “While inflation was 7.9 percent over the last year, if you annualize the monthly figure, it was close to ten percent. So we’re not seeing deceleration yet,” he said.

Former Treasury Secretary Larry Summers’ criticism that the Federal Reserve and other central banks are too focused on “woke” social issues reflects a growing concern that policymakers aren’t paying enough attention to inflation. Mr. Summers, a Democrat, is arguing his point as Senate Republicans try to prevent congressional Democrats and President Biden from pressuring the Fed to install regional directors who would devote some of their duties to climate change and racial equity. The Republicans describe the move as a dangerous case of “mission creep” from the central bank’s traditional role of ensuring maximum employment and price stability. All 12...

It may not be quite hyperinflation – loosely defined as pricing rising at a double-digit clip or higher – but if former Treasury Secretary and erstwhile democrat Larry Summers is right, it will be halfway there in about six months. One day after Bank of America warned that the coming “hyperinflation” will last at least 2 and as much as 4 years – whether or not one defines that as transitory depends on whether one has a Federal Reserve charge card to fund all purchases in the next 4 years – Larry Summers, who is this close from being excommunicated...

Larry Summers, a former economic advisor to former President Barack Obama, warned President Joe Biden on Monday that inflation is a looming threat to the United States economy. “Now, the primary risk to the U.S. economy is overheating — and inflation,” Summers wrote in a Washington Post op-ed published Monday evening.

Former Obama economic adviser Larry Summers continues to blast the Biden administration’s stimulus plan and warns it will result in a major inflation crisis. “We’re taking substantial risks,” Summers told The Washington Post. “This might not have struck as much a nerve if it didn’t reflect concerns that were widely felt.” “I know the bathtub has been too empty,” he continued. “But one has to think about what the capacity of the bathtub is and how much water we’re trying to flow into it.”

One of former President Barack Obama’s National Economic Council directors shocked the internet by criticizing the enormity of President Joe Biden’s $1.9 trillion COVID relief proposal. Progressive economist Larry Summers argued in a Feb. 4 op-ed that “much of the policy discussion [on the Biden COVID proposal] has not fully reckoned with the magnitude of what is being debated.” Summers pointed to two major issues: First, “there is a chance that macroeconomic stimulus on a scale closer to World War II levels than normal recession levels will set off inflationary pressures of a kind we have not seen in a...

The saga of now-deceased pedophile Jeffrey Epstein’s “fixer” Ghislaine Maxwell continues to grind on, generating headlines that the New York Post and the Daily Mail in the UK simply can’t resist. And let’s be honest… neither can many of the rest of us. The Daily Mail has uncovered (pun intended) yet another gem from the disgraced madam’s upcoming court proceedings. If the reports turn out to be accurate, the court now has videos of a very provocative, if not pornographic nature involving unnamed “individuals” who may have been with some of Epstein’s young victims. And until some names are attached...

Yesterday we reported that Clinton and Obama economist and the former President of Harvard, took numerous flights on Jeffrey Epstein’s jet. He even flew on Epstein’s jet to Epstein’s infamous ‘Orgy Island’ ten days after his marriage in 2005. Today we can report that another Clinton elite creep, former Clinton National Security Advisor, took a flight on the Epstein Express from Epstein’s ‘Orgy Island’ as well. Yesterday we uncovered that creepy former President of Harvard, Larry Summers, flew numerous times on Jeffrey Epstein’s jet and even flew to Epstein’s so called ‘Orgy Island’. Flight logs from the previous Epstein trial...

Clinton and Obama economist and the former President of Harvard, took numerous flights on Jeffrey Epstein’s jet. He even flew on Epstein’s jet to Epstein’s infamous ‘Orgy Island’ ten days after his marriage in 2005. Another elite creep. Today it was reported that Larry Summers, the former President of Harvard, and the former economist for both Presidents Clinton and Obama, reportedly believes that the economy is at its worst position in a decade. Bloomberg reported – The U.S. and world economies are at their riskiest moment since the global financial crisis a decade ago as trade tensions continue to grow,...

Billionaire financier Jeffrey Epstein socialized with the rich and powerful, harboring a sordid hidden life that came to light in 2008, landing him in prison for the solicitation of underage girls for sex. Epstein was infamous for his private Boeing 727 airliner nicknamed the “Lolita Express,” which ferried guests including Bill Clinton and a bevy of young girls allegedly pressed into prostitution at his Caribbean estate dubbed “Orgy Island.” His laughable 13-month sentence after being accused by more than 40 minor girls of sexual abuse is a testament to his connections in high places. Those guests included the aforementioned former...