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