原推：@Nouriel seems to be causing the same problem. In our view, Summers, Roubini, and others forecasting intractable ‘70’s-style inflation will be blindsided by outright deflation. Headline inflation already is unwinding sequentially, thanks to monetary and fiscal (ex IRA) restraint https://t.co/cUjo0fy4l8
Larry Summers seems to be leading the Biden administration astray with his conviction that inflation is intractable, with the ‘70s as his guide. The ‘70s inflation started in 1964 with the Vietnam War and the Great Society and burgeoned for 15 years. twitter.com/cathiedwood/st…