Larry Summers: Worry About Deflation Not Inflation | Here & Now

Larry Summers: Worry About Deflation Not Inflation | Here & Now: "On the national debt and spending

“We saw yesterday that the deficit was 2.8 percent of GDP. And that is smaller relative to GDP than we’ve had on average over the last 40 years. That’s a pretty good deficit figure.

“Are there issues for the long run? Yes there are. But we have had a massive excess of focus on financial debt, but I’m much more worried about the legacy we are leaving our children of inadequate infrastructure.”"

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