If politicians want to help solve the problem, Larry Summers, economist, Harvard professor, director of President Barack Obama’s National Economic Council, and President Bill Clinton’s Secretary of the Treasury, said in an interview featured in Friday’s issue of Bloomberg Wall Street Week. One way to do this is to ask “borrowers in better financial health than in the long run to pay off student debts rather than maintain a moratorium”.
“If politicians outside the Fed want to influence inflation as much as they can, they need to lower tariffs, get more immigrants into the country, reduce the regulatory burden,” Summers said. Like Jones. A law that only US ships can transport crude oil from Texas to the Northeast. They should limit demand by asking borrowers to repay student debts instead of maintaining a moratorium at a time when they are in better financial shape than before. It’s something you can do beneficially to influence the inflation rate, and all that chatter is, above all, an annoying distraction.
Source: Breitbart
