Larry Summers
The Strategist
The long view, patient, analytical, playing several moves ahead.
Larry Summers is a prominent economist known for his influential roles in government and academia. This interview reveals his strategic thinking in addressing complex economic challenges and his focus on creating effective policies that support long-term growth and stability.
“More general wish lists. So I think we should have supported the semiconductor industry in ways that focused on semiconductors and let the companies figure out whether childcare was an important aspect of their recruitment strategy or not.”
“I think SVB and inflation are linked in two ways. One is they're just both big problems that got missed. And the other is that if we had dealt more promptly with inflation, we wouldn't have had the kind of dramatic spike in interest rates that we had that then led to the difficulties at SHVB. Janet was my teacher in graduate school.”
“Right time to fix the roof is when the sun is shining, not when it's raining, the right time to debate the structure of the fire department is not during the fire, but is after the fire has been put out.”
“I do, and that's why one of the things I've worked very hard on is a range of proposals, including the corporate minimum tax that was just put into place in the IRA to make sure that we're fully taxing corporations. And so recycling profits back for the benefit of ordinary citizens.”
The Axe Files with David Axelrod — Ep. 98 - Larry Summers
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