Posted on 03/12/2022 10:17:39 AM PST by ChicagoConservative27
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that the core issue with inflation is the fact that the economy is overheated and the problem of inflation won’t be fully solved until the overheating in the economy is solved. Summers also argued that blaming corporate greed and price gouging for inflation is “likely” to make the inflation problem worse because doing so will hurt business confidence and lower the level of needed investments.
(Excerpt) Read more at breitbart.com ...
There needs to be another one with plugs and a nuclear explosion cloud that just says, “BOOM!”
Overheated? The economy is, at best, lukewarm. The problems are too much government spending and too many people stepping away from employment making the other workers more valuable and their wages are bid up.
Money from nothing and also soon $10.00 gas.
“Larry Summers argued that the core issue with inflation is the fact that the economy is overheated...”
Hey economic Einstein, the core issue is the war on energy...dumshit.
The money supply increased 40% these past two years. What did they think was gonna happen? Jeesh!
And this was Clinton and Obama’s guy saying this stuff. Tells you how far out the Biden Administration truly is.
Blame has no effect on inflation.
Overheated economy LOL, LOL, LOL, these people really believe we are this stupid!!
Kill a Pipeline and the country goes to Pot
The Democrats require an enemy to survive. They have no policy proposals except stick it to ________. They must vilify someone or something to take the attention off their corruption.
Summers must have had dinner with the CEO from Pfizer.
“Corporate greed”, “price gouging”, and “profiteering” have a legal name:
“fiduciary responsibility”.
Contrary to our wannabe commie overlords, businesses do not exist to spread wokism. They exist to make a profit. And when they have access to market capital they are regulated. And when they are regulated they have a DUTY by law to make sound financial decisions for their investors. Whether it is short-term or long-term, it is ALWAYS about making a profit.
If I have a “business” that I do not try to make profitable, the IRS will disallow deductions and call it a hobby, rather than a business.
These damn leftists blame everyone from Trump to Russians to corporations for their policy f**k ups! That will never change.
Screw “overheated economy.” Inflation is one thing and one thing only-printing money beyond the increase in value of production. Everything else is results or irrelevant.
Corporate greed is best satisfied with maximal profits which is charging the price at which all the product is sold and no more is salable. Charging very high prices reduces income. That is assuming, of course, a competitive market economy.
Supply-side economics, it worked as advertised last time.
...” this was Clinton and Obama’s guy saying this stuff. Tells you how far out the Biden Administration truly is.”
It baffles me that we are not shouting from the rooftops that the current president is not biden, because it’s Obama who from day one has worked to destroy all Christian based countries & replace them with Islam, (I read his books). He has control of Biden and He is doing a fine job of destroying America using the demented Dems. He is behind the “take down” that conservatives have been fighting since the Bushes. Remember Bush Jr’s love affair with the oil producers in the Middle East? How many of his “crew” are still working with the WH? Dig into the Ukraine money laundering Biden Jr and corrupt Ukraians. In the long course Putin may have saved our country. Still much to flush out yet.
Why did Obama buy a house 2 doors down from the White House? I’m not paranoid much.
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