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Lawrence H. Summers on the future of inflation and the Fed's response

Washington Post Live

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Taxing Crases Is an Important Part of a Strategy for Reducing Demand

You publicly criticized jeff bazos for a tweat that he had made. He questioned whether raising taxes was effective, as in any inflation sure. And you saidad, i'm quoting here in your tweat, it's perfectly reasonable to raise taxes to reduce demand and the increases should be as pro progressive as possible. Explain why you thought it was appropriate to take issue with basos' tweat.

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