I think in both cases, it probably depends less on the level than the rate of change. A weak economy that is growing is probably better than a strong economy that is contracting. I've been surprised rather than make confident statements that they've been making a mistake. But again, I don't sit where they sit with all the pressures that they're facing.
We turn to economist and former Treasury Secretary, Lawrence Summers, to help us make sense of inflation, Silicon Valley Bank and what Biden should do next. Also on the agenda: why Summers believes in a politics and economics of opportunity — “not of envy.” Plus, why he thinks America needs more people like Jeff Bezos and Bill Gates.
Questions? Comments? Email us at on@voxmedia.com or find us on Twitter @karaswisher and @nayeema
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