When the next recession comes, we will need significant fiscal stimulus to support the economy, but this should be designed intelligently rather than financed through the MMT approach of unlimited money printing.

forecastpending

Speaker

Lawrence Summers

Evidence Quote

“whenever the next recession comes we're going to need a lot of fiscal stimulus”

Source

Larry Summers: Modern Monetary Theory is a recipe for a disaster— CNBC Television
Created: 8/11/2026, 1:38:23 AM

My Notes

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