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Jun 22, 2022

Former Secretary of the Treasury Larry Summers gave his two-cents about how the country should tackle inflation, claiming that the best way to bring inflation down is to return to a 5%, or higher, unemployment rate. While the Fed’s raised interest rates with surely cause at least a small increase in unemployment, Summers doubled-down on the Fed’s moves instead of focusing on corporate price-gouging or suggesting Congress to pass social spending legislation that would help average Americans navigate these tough economic times.
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