Larry Summer says Build Back Better "may trigger the highest inflation in more than half a century".

[speak easy]

How Larry Summers went from Obama’s top economic adviser to one of Biden’s loudest critics

Summers worries that a reopened economy could rev out of control. Either a surge of demand overwhelms producers and sends prices soaring or the Fed will try to prevent that inflationary spike by abruptly hiking interest rates, plunging the economy into a new recession.

https://www.washingtonpost.com/us-policy/2021/03/29/summers-biden-economy-inflation/

Milton Friedman lite. Hiring that guy was the worst mistake Obama ever made.