Larry Summers

The banking industry is vigorously protesting the Biden administration’s nomination of Cornell University law professor Saule Omarova to be comptroller of the currency, arguing that she is not interested in the kind of cooperation that should exist between banks and the government. If the industry were interested in working with the government in good faith, I would be more sympathetic to its concerns about the professor’s provocative views.

Let’s get one thing out of the way from the outset: Attacks against Omarova based on her country of birth — she was born in Kazakhstan, then part of the Soviet Union, and came to the United States in 1991 — are unacceptable and un-American.  READ THE FULL COLUMN

Talked with Brianna Keilar of CNN New Day on the debt ceiling risks saying, “The credit of the United States going back to Alexander Hamilton is a fundamental national asset.”

Here & Now’s Scott Tong speaks with Larry Summers, who was Treasury Secretary under former President Bill Clinton, director of the National Economic Council under former President Barack Obama. He’s now president emeritus of Harvard University.

Summers discusses the risks of inflation and how government spending on infrastructure will strengthen the economy.