The Latest Breaking News from Larry Summers

The finance world mostly agrees: Trump’s tariffs are bad news

The president himself said there might be some pain. He has delivered it.

Fortune · Feb 3, 2025

Larry Summers warns bubbling asset prices are hitting levels of froth last seen prior to the financial crisis

Investors have become complacent about risk, Summers says, succumbing to the kind of exuberance that preceded the 2008 crash or the dotcom collapse.

Fortune · Jan 23, 2025

Lawless IV: Leadership Failures Old and New

The pandemic showed the weakness of the leadership class. [UPDATE: Inadvertently posted it under my byline, but it's of course Ilya Shapiro's post, as the byline now reflects. -EV]

Reason · Jan 16, 2025

Walmart Alerts Shoppers: Expect Price Hikes If Trump's $3 Trillion Tariff Plan Takes Effect

Walmart highlighted during its recent Q3 earnings call that it could raise prices on several of its products if Trump's plan to raise tariffs by 10% on all US imports is implemented during his second term.

International Business Times UK · Nov 26, 2024

Will Trump's economic policies really cause 'the mother of all stagflations'? Here’s what experts say

Unlimited Funds' Bob Elliott argues only part of Summers’ forecast seems valid: “Tariffs, at their core, are a regressive tax that is inflationary...But they're also a modest support to U.S. economic conditions.”

Fortune · Jun 22, 2024

Kevin O'leary Proposes ANWR Oil Royalty Plan To Reduce Debt

Larry Summers warns of inflation risks under Trump's policies and proposes emulating Norway's oil wealth management to reduce U.S. debt.

Top News · Jun 4, 2024

Anthropic's position on AI safety is helping it attract researchers from OpenAI

Anthropic's stance on AI safety is helping it lure AI researchers away from OpenAI, whose trust and safety credentials taken a battering in recent weeks.

Fortune · May 30, 2024

Most Americans Aren't Buying Biden's Misleading Narrative That the Economy Is Getting Better

The question of how best to measure inflation has no single and straightforward answer, but most people know that the president's economic claims aren't true.

Reason · Mar 28, 2024

Here's a big reason why people may be gloomy about the economy: the cost of money

Former Treasury Secretary Larry Summers argues that high interest rates are contributing to people's gloomy economic mood. Sentiment may improve, though, if the Federal Reserve begins to cut rates.

WEKU · Feb 28, 2024

The 'Vibescession' Will Continue Until Interest Rates Fall

A new economic paper explains why interest rates are the missing piece to understanding why people are unhappy about a seemingly strong economy.

Reason · Feb 27, 2024