This talk was recorded live at the All-In Summit 2023 at Royce Hall on UCLA's campus in Los Angeles. (0:00) Besties welcome Larry Summers to AIS! (2:14) Consumer spending, inflation, and the likelihood of a soft landing (7:24) What would Larry do as Federal Reserve Chair? (10:29) Inflation, interest rates, and political motivations (14:09) Regulation to create “frameworks in which freedom can flourish” (16:29) American resilience and self-denying prophets (20:46) Educational reform, self-esteem, and achievement (25:35) Affirmative action and legacy admissions (30:30) Free speech and academic freedom