4min chapter

GoodFellows: Conversations from the Hoover Institution cover image

Soft Landing: Larry Summers On Inflation, Debt, And A Looming Recession

GoodFellows: Conversations from the Hoover Institution

CHAPTER

Is There Need for Reform of International Monetary Institutions?

I think the world bank, for a variety of reasons, has become a far less effective institution a then it could be. And i think the united states a bears very substantial a responsibility for that. The trump administration was almost criminally neglectful of those institute ons. But i think it's important to understand that those institutions do what their shareholders will have them do. They are virtually the only institutions in the world that have a permanently sitting board of directors.

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