Summers: Another Trump term would bring ‘inflationary spiral,’ big deficits
==========
Former Treasury Secretary Larry Summers warned that a second Trump administration could lead to an 'inflationary spiral' and big deficits. Summers stated that Trump's populist economic policy could result in massive regulation, restrictions on buying products from abroad, and higher prices, leading to hyperinflation. He compared the potential economic collapse to 1950s Argentina and emphasized the importance of the United States in the world order. Summers has repeatedly urged voters to oppose Trump and has called the November election the 'most consequential' since World War II.
#LarrySummers #Inflation #Deficits #Populism #EconomicPolicy
https://thehill.com/homenews/campaign/4601150-summers-trump-term-inflationary-spiral/
The Hill /
npub1uf…vwj43
2024-04-18 00:18:48
Author Public Key
npub1uf9ht809jfjawes35uqsxnj7hyjqsdyxypewh4d869swy74vldeq0vwj43Published at
2024-04-18 00:18:48Event JSON
{
"id": "39ebe33827052f46e639a495d7b577850d31af10fc1b89be4f86a7187a9faa1b",
"pubkey": "e24b759de59265d76611a701034e5eb9240834862072ebd5a7d160e27aacfb72",
"created_at": 1713399528,
"kind": 1,
"tags": [],
"content": "Summers: Another Trump term would bring ‘inflationary spiral,’ big deficits\n==========\n\nFormer Treasury Secretary Larry Summers warned that a second Trump administration could lead to an 'inflationary spiral' and big deficits. Summers stated that Trump's populist economic policy could result in massive regulation, restrictions on buying products from abroad, and higher prices, leading to hyperinflation. He compared the potential economic collapse to 1950s Argentina and emphasized the importance of the United States in the world order. Summers has repeatedly urged voters to oppose Trump and has called the November election the 'most consequential' since World War II.\n\n#LarrySummers #Inflation #Deficits #Populism #EconomicPolicy\n\nhttps://thehill.com/homenews/campaign/4601150-summers-trump-term-inflationary-spiral/",
"sig": "11c642e7a3703e421c14c7dc81ea643c7d535d36764a2d06a9433077c75dd4f3ea55390429974ae15d2a4eaf0815585a1e084d447f412fad3d502987ad6ec60f"
}