Larry Summers, former US Treasury Secretary and President Emeritus of Harvard, shares his insights on the economic risks posed by Trump’s policies. He discusses the potential inflationary effects of tax cuts and trade tariffs. Summers highlights public discontent with the Biden administration despite low unemployment. He draws parallels to Nixon's era, emphasizing threats to the Federal Reserve's credibility and the rule of law. The conversation navigates the disconnect between economic data and voter sentiments, warning of electoral repercussions for progressive leaders.

Larry Summers, a seasoned economist and former U.S. Treasury Secretary, dives into the transformative power of AI in a stimulating conversation. He highlights AI as possibly the most significant technology ever invented, reshaping economics and society. Summers provides insights on his role at OpenAI during a critical leadership transition and discusses the governance challenges posed by AI's rapid evolution. The discussion also navigates the interplay of economic principles and AI development, emphasizing the necessity of human values in shaping future technologies.

Larry Summers, former Treasury Secretary and top economist, shares his insights on crucial economic issues. He discusses how his upbringing influenced his understandings of economics, and why he believes the U.S. needs new tax reforms. Summers describes Europe as a museum and China as a jail, forecasting difficulties ahead for both. He argues for efficiently taxing billionaires and expresses concerns about inflation management without harming vulnerable communities. His thoughts on Bitcoin as an experiment add a contemporary twist to the conversation.

Larry Summers, a former US Treasury Secretary and current Harvard professor, shares his expertise on the impact of artificial intelligence on economic growth. He draws compelling parallels between AI and past industrial revolutions, emphasizing its potential for both automation and enhancing research. Summers discusses the intricacies of US economic dynamics, stressing the importance of technological governance. He also contrasts the perspectives of technologists and economists, highlighting the need for collaboration in shaping future AI policies.

Larry Summers, former Treasury Secretary and prominent economist, dives into the recent tumult in financial markets, explaining the causes behind the dramatic drops and rising recession fears. He discusses the importance of understanding economic policies that have led to this moment and offers insights on market volatility and the Federal Reserve's crucial role. Furthermore, Summers emphasizes the need for informed public discourse on economics, especially as it intersects with political rhetoric and upcoming elections.

Larry Summers and Yascha Mounk discuss the challenges facing universities, the impact of artificial intelligence on society, economic outlook and risks, the cost of living, inflation perception, and Joe Biden's reelection strategy.

Former Treasury Secretary Larry Summers discusses the complexities of corporate income tax, arguing for its retention as an effective tool to ensure the wealthy pay their fair share. He suggests improvements but advises against abolishing it without a superior alternative. The podcast delves into the burden shift of corporate taxes onto shareholders and examines practical challenges in taxing corporations, including collection from foreign entities. The speakers debate the pros and cons of corporate taxation policies, considering issues like tax avoidance and moral considerations.

Could the United States enter a recession this year? Renowned economist Larry Summers thinks such a scenario is more likely than not. He also thinks the United States’ increasingly hawkish China policy is dangerous for the world. Summers discusses all that and more with host Ravi Agrawal. FP subscribers can watch these interviews live and submit questions and suggestions by going to https://foreignpolicy.com/live/.Suggested reading:Jessica Chen Weiss: Is America’s China Policy Too Hawkish?Adam Tooze: Why a Soft Landing Is Possible Even if It Defies Economic TheoryAgathe Demarais: Don’t Trust Russia’s NumbersAdam Posen: America’s Zero-Sum Economics Doesn’t Add UpEswar Prasad: The World Will Regret Its Retreat From Globalization Learn more about your ad choices. Visit megaphone.fm/adchoices

Larry Summers, renowned economist and former Treasury Secretary, dives into the pressing issues of inflation and economic policy. He critiques government spending, reflecting on its historical parallels. Summers advocates for meaningful work over universal income, proposing community-based solutions. The discussion also touches on the repercussions of cancel culture in academia, emphasizing the need for open dialogue. He shares insights on navigating institutional trust and the implications of the Inflation Reduction Act, all while addressing the balance between free speech and accountability.

The GoodFellows return to economics this week, coinciding with news of America’s worst inflation in over 40 years. Lawrence Summers, former US Treasury secretary and Harvard University president emeritus, joins Hoover senior fellows Niall Ferguson, H. R. McMaster, and John Cochrane to discuss Federal Reserve policy, government spending, and the war in Europe as contributors to America’s economic woes. They also cover the soaring national debt, a possible supply-chain crisis, economic competition with China, plus academic freedom under fire in elite universities. Recorded April 12, 2022