‘Worrying’ Metric Shows 18% Inflation Spike Hit US, 339% Higher Than Reported: Former Treasury Secretary Larry Summers

Former U.S. Treasury Secretary Lawrence Summers says an old school method of tracking inflation may reveal the real amount of economic pain that Americans have had to endure. Summers has co-authored and released a new paper exploring the effect of high interest rates on the American consumer. The paper, in part, aims to paint an […] source: https://dailyhodl.com/2024/03/18/worrying-metric-shows-18-inflation-spike-hit-us-339-higher-than-reported-former-treasury-secretary-larry-summers/