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Ep. 245 Cutting Larry Summers Some Slack on His Labor Market Remarks

Bob Murphy Show

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Larry Somers Is Right in Saying, Hey Folks, It's Unavoidable, Right?

Larry somers is right in saying his numbers and that stuff might not be right, but i actually think he's being courageous for saying it. The only way we're going to bring down price inflation is if workers see a bad labor market for a couple of years here,. It's unavoidable. So again, whether somers is to be congratulated for speaking truth to power, you cas, he's obviously getting a bunch of pushback for thi’s not just from austrians, but a lot of people don't like hearing that.

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