Economics

Summers Sees Dangerous Policy Parallels With High-Inflation Era

Summers sees ‘very serious’ danger of repeating mistakes
Summers says being comfortable with faster inflation is a risk

WATCH: Former Treasury Secretary Lawrence Summers says there are worrying parallels between current-day U.S. economic and foreign policies. (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Simon Kennedy

September 10, 2021 at 5:43 PM UTC

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Former Treasury Secretary Lawrence Summers said there are worrying parallels between current-day U.S. economic and foreign policies and those of the 1960s and 1970s, although inflationary pressures aren’t quite as extreme as back then.