Biden: I Ignored Summers’ Inflation Warnings ‘to Instill Some Confidence’ in People, Deal with COVID

by Ian Hanchett
Breitbart.com

During an interview with MSNBC aired on Thursday’s broadcast of “The Last Word,” President Joe Biden stated that he decided to proceed with massive stimulus spending despite warnings that it would create inflation by people like Harvard Professor Larry Summers because “I looked at the practical need for us to instill some confidence in the American people that we can grow this economy.” And argued that it made sense to spend to take care of the coronavirus pandemic.

Host Lawrence O’Donnell asked, [relevant exchange begins around 26:55] “I want to bring this down to something about your presidential decision-making in that entire range of domestic policy decisions, of which there were so many. And I’m particularly interested in Joe Biden versus Larry Summers.

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