Comments by "Deborah Freedman" (@deborahfreedman333) on "Larry Summers responds to Janet Yellen's admission on inflation" video.

  1. A lot of our inflationary woes were exacerbated by the Ukraine War. Did Summers anticipate Russia's invasion? The government is trying to balance between tamping down inflation, and not causing a recession. He is arrogant, and has made far more mistakes than Yellen. According to The Atlantic "he helped to ensure that millions of desperate mortgage-holders would stay underwater by failing to support a "cramdown" that would have allowed federal bankruptcy judges to have banks reduce mortgage balances, cut interest rates, and lengthen the terms of loans. At the same time, he supported every bailout of financial firms." We have him to thank for the depression of 2008 lasting as long as it did. He wanted Biden to appoint him to the position Yellen holds. His complaints are nothing but sour grapes.
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