Summers: Economic laws cannot be suspended for political convenience
Larry Summers · Larry Summers: How the Fed screwed up; What a Trump win would do to the economy | E1024 · 20VC with Harry Stebbings · Jun 12, 2023 · at 41:04
Former Treasury Secretary Larry Summers explains his view on fundamental economic rules regarding money supply and price controls.
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“That there are laws and regularities in economics and social science Just like there are in physical or biological science that cannot be suspended for political convenience. If you print too much money, you will have too much inflation. If you control prices, you will have black, black markets and corruption.”
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