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 Triumph of Hope Over Experience

The Fed was much too slow to make the necessary prescription. And therefore, the economic disruption is going to be greater than it needed to be. Sometimes a medicine that's necessary has unpleasant side effects. But the doctor who prescribes it recognizes that if you don't take it and you defer taking it, there's even more pain and problem later.

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