Scant evidence of a basic downwards trend in inflation

For those unfamiliar with Larry Summers, suffice it to say that he isn’t a conservative. Summers, an economist and Harvard Professor, was the Treasury Secretary in the administration of former President Bill Clinton. And, he served as the Director of the National Economic Council in the administration of former President Barrack Obama.

There is no doubt that what Summers said during his Bloomberg appearance is not the sort of thing that President Joe Biden and the Democrats want to be telling the American people. [patriotnewsalerts]