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Last Checked Dec. 2, 2022

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Tue Nov 01 22:36:37 +0000 2022

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Ro Khanna @RoKhanna

Genuine question @LHSummers. What is the economic theory for 2% as the reasonable rate where inflation won’t accelerate as opposed to 1.8% or 2.7%? Is there a reason 2% is the magic number in economics? — PolitiTweet.org

Lawrence H. Summers @LHSummers

Or is the argument, “Never mind inflation...Make sure we don’t have a recession.” Those with this view need to expl… https://t.co/jVUyKIeswC

Posted Nov. 1, 2022