A Dangerous Level of Groupthink - Lawrence H. Summers

July 14, 2022, Interview: "Former Treasury secretary and Harvard University president Larry Summers was right to be pessimistic. The economist, long a prominent but polarizing figure, loudly warned that Democrats’ 2021 stimulus package would lead to high inflation. Summers’s prescience — and correct view that the phenomenon would persist — has positioned him as perhaps America’s most in-demand economic prognosticator. I spoke with him about the latest inflation data, how bad a recession could get, and why so many experts failed to read the monetary warning signs last year."

HKS Faculty Author - Lawrence H. Summers