Lawrence H. Summers (@lhsummers) 's Twitter Profile
Lawrence H. Summers

@lhsummers

Charles W. Eliot University Professor and President Emeritus at Harvard. Secretary of the Treasury for President Clinton and Director of NEC for President Obama

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linkhttp://larrysummers.com calendar_today10-01-2011 20:00:04

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366,366K Followers

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Lawrence H. Summers (@lhsummers) 's Twitter Profile Photo

President Donald J. Trump's latest salvo against Harvard University clearly represents punitive extortion rather than any seriously thought through policy to promote national security. I hope and trust that the judiciary will again restrain the President in the name of lawful government

Lawrence H. Summers (@lhsummers) 's Twitter Profile Photo

President Donald J. Trump's Big, Beautiful Bill will add to the US debt load in a way that will end up undermining the nation’s status as the preeminent global power. “This makes us vulnerable. The world’s greatest debtor accumulating debt faster than any other country ever

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The big, beautiful bill is a prescription for deadly, dangerous decline. It takes on debt on a massive scale that we can’t afford. bloomberg.com/news/articles/


Lawrence H. Summers (@lhsummers) 's Twitter Profile Photo

The U.S. debt burden has climbed for three reasons. First is the increase in the population aged over 65, which allows them to draw entitlement benefits. Second is the increase in the costs of things the government pays for, including health care. Third is the interest payments

Bloomberg TV (@bloombergtv) 's Twitter Profile Photo

Hoover Institution Senior Fellow Niall Ferguson explains why it's difficult for the US to break away from its dependency to China and vice versa. Former Treasury Secretary Larry Summers calls it "hostile codependence." Tune into this episode of Wall Street Week tonight at 6 pm

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Watch last night's Wall Street Week Bloomberg TV with David Westin & Niall Ferguson where I characterized the US-China relationship as a “hostile codependence.” I cautioned that people are underestimating the immense challenges ahead for China. bloomberg.com/news/videos/20


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It's not a big, beautiful bill. It's a prescription for deadly, dangerous decline. It's ill advised, it's imprudent, and it fails to recognize a basic truth, that the world's greatest debtor is unlikely to stay the world's greatest super power. We are making a very serious

Lawrence H. Summers (@lhsummers) 's Twitter Profile Photo

GOP bill, combined with the President’s trade war, puts the U.S. economy on the foothills of stagflation and possible financial crisis. The Washington Post wapo.st/4kYd8Th

Preet Bharara (@preetbharara) 's Twitter Profile Photo

Former Treasury Secretary Lawrence H. Summers joins me to discuss the potential economic damage from the ‘Big Beautiful Bill,’ how debt impacts everyday Americans, and Trump’s “tyrannical” attacks on Harvard. Listen: cafe.visitlink.me/4N6-be

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My reflections on the life and legacy of Stanley Fischer. “People talk about this era of convergence between the developing and the developed world and Stan Fischer was as important as anyone in that remarkable achievement.” ⁊Bloomberg TV⁩ bloomberg.com/news/videos/20


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I thought what the Federal Reserve said was both predictable and reasonable. They said you can't be changing monetary policy with the uncertainty that we have right now. They were right to signal they were being cautious about future changes.

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With the Donald J. Trump tariffs, we are imposing a supply shock on ourselves and that is leading to expectations of both higher inflation and higher unemployment, making the Fed's job that much more difficult.

Lawrence H. Summers (@lhsummers) 's Twitter Profile Photo

My guess is that — influenced by the desire not to gratuitously destabilize markets, and influenced by the fact that there are still some sound voices among Republicans in the Senate — my bet would be that the president will make a respected person the next Fed chair.

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We have a lot of divisions within our country but I would hope that at a moment like this, with respect to the kind of threat that Iran represents, that there would be a lot of desire to come together and I'd support policies that will put the greatest stability possible.

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Every American is a citizen of New York City. It's so much a cultural and financial hub of our country that what happens in NYC is consequential for all of us. And I'm not an expert on the exigencies of the details of NYC economic policy, but I do think the Democratic Socialist

Bloomberg TV (@bloombergtv) 's Twitter Profile Photo

Former US Treasury Secretary Lawrence H. Summers says a Democratic socialist program would be very dangerous for New York City. He talks about NYC Democratic mayoral candidate Zohran Mamdani in an interview conducted on June 19 for "Wall Street Week." Watch more tonight at 6 p.m. ET

Lawrence H. Summers (@lhsummers) 's Twitter Profile Photo

Watch Friday’s Wall Street Week Bloomberg TV with David Westin where we discuss how inflation and unemployment are making the Federal Reserve's job harder. We also discuss the economic fallout from conflict with Iran and the New York City mayoral race in this segment.