2min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Larry Summers on How to Manage Inflation; Should We Increase Rates Even Higher, Why We Need To Change The US Tax System, Why Europe is a Museum, China is a Jail and Bitcoin is an Experiment & How a Trump Win Would Hurt the US Economy

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

The Impact of the Stimulus Packages on Inflation

I would have moved to signal my awareness of that and to start putting my foot on the brakes, much sooner than they did. Part of the reason why inflation accelerated through much of 2022 was that it was still being spent in 2022. And some of it is still going to be spent in 2023. That's part of why the economy had seen so strong, even as interest rates have gone up very substantially.

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