- Apr 11, 2023
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Famed economist Larry Summers issues dire inflation warning to Americans after Trump's White House win — 3 ways to help protect yourself in 2025
MSN
www.msn.com
Larry Summers knows a thing or ninety about our economics and economy
Inflation is rising again, and yields are dropping. Trump's tariffs and his strike at immigrant work force will send prices higher. "“I just do not get the logic of these policies and make no mistake, this is a regressive tax on American consumers,” he added.
Speaking at a New York Economic Club in November last year, Summers cautioned that Trump’s tariff policies could drive inflation even higher than the levels triggered by his predecessor’s actions.
We will be fine, because we have been learning, planniong, and implimenting money strategies since we were twenty. In the early years, we ate plenry of rice and beans, drank a lot of ice water, and have always saved and invested.
Prepare yourselves.