More thoughts on the March jobs report -- it's very good news. Continuing evidence of a productivity uptick -- should calm Larry Summers and other inflation worriers
The problem isn't that Larry Summers was right once and is wrong now. The problem is that so many people told him he was right when he was wrong before that he thinks that he remains right even though he is still wrong now.
Whatever dynamic has led to Larry Summers having to scream his bad advice at Biden from outside the White House is a good one, and I hope the administration continues ignoring it.
Maybe if Bill Clinton hadn't had Larry Summers destroy Russia's economy & turn democracy to oligarchy, US-Russia relations would be better.