Summers: We Had ‘Inflation Under Control for 40 Years’ But ‘We Lost the Thread’ with Biden’s $1.9T Stimulus

EXCERPT:

SUMMERS: "We basically had inflation under control for 40 years, despite the fact that the price of oil fluctuated, despite the fact that there were all kinds of supply shocks. We lost the thread, along with many other countries, about a year and a half ago with massively expansionary policies, relative to the size of the GDP gap.”