Larry Summers on Harvard’s Showdown With Trump
The Good Fight
Economic Uncertainty and Nationalism
This chapter explores the troubling evolution of the U.S. economy, drawing parallels to emerging markets with its focus on personalities over institutions and deteriorating rule of law. It critically assesses the implications of high tariffs and rising nationalism on the economy, emphasizing concerns about financial stability and historical precedents. The discussion highlights the complexity of economic risks stemming from recent policy changes, linked to potential stagnation, inflation, and increased market volatility.
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