POLITICO Playbook: Larry Summers plays the skunk at the Covid relief party - POLITICO
https://www.politico.com/newsletters...f-party-491653
Democrats hit back at Larry Summers after he says they're going too far on relief spending
https://www.msn.com/en-us/news/polit...ng/ar-BB1dqmxx
Larry Summers says that the level of spending is far too much, many times more than is actually needed, and that inflation is going to spiral out of control in a way that has not happened in more than a generation.
The bond markets are already uncertain in how to react to this level of uncharted Federal borrowing. The amount of dollars flooding into the financial markets is already causing a bubble. This new "relief" bill, and all the future bills Democrats plan to borrow more for their pet projects, will send the United States into an unknown metric. So be ready for some turbulence.
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