I’ve appreciated Summers’ analyses and willingness to speak his mind. If you listen to one economist right now, he’s the one I recommend.CPI is just a basket of goods they manipulate over time to give the appearance inflation is low. Overall inflation is much higher than the CPI numbers. Add 5-10% and it’s closer to actual inflation. Below is Bill Clinton’s Secretary of Treasure admitting it.
As a former president of Harvard, he’s also had some good observations on the recent college protest situation.