The following are notes from Larry Summers from CoinDesk’s Consensus 2021. Consensus unites professionals across the globe for an immersive virtual experience aimed at exploring the evolution of cryptocurrency and blockchain technology. Q1 2021 hedge fund letters, conferences and more Comments From Larry Summers Thinks the Fed is taking risks on inflation side and well after it is necessary and policy is overdoing it. The fed used to say we’ll remove the punch bowl before everyone gets too drunk; now the fed says they will only remove punch bowl after everyone is staggering around drunk. We are borrowing on unprecedented…
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