Bloomberg Wall Street Week

This weekend’s Bloomberg Wall Street Week features Larry Summers of Harvard and Bob Prince of Bridgewater Associates.  It is worth listening to the cogent arguments of both re a) the adequacy of the current money supply and present liquidity, b) the dynamics of fiscal borrowing and the Fed’s accommodative printing of money, and c) the intrinsically inflationary nature of current fiscal and monetary operations. Both do a good job.  And, as usual, David Westin is a good moderator asking good questions.  Kudos and thanks to all three.

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