He was right about inflation. Biden wasn’t. Larry Summers on what’s coming next

Ryan caught up with the former treasury secretary — and thorn in the side of Biden White House economists — Larry Summers on the sidelines of the Aspen Security Forum for a wide-ranging interview about last 18 months of economic debates, why so many policymakers got the inflation debate wrong, what Summers thinks about Joe Manchin blowing up Build Back Better over inflation concerns, what Biden — and Pelosi — are getting wrong in their approach to China, and why we are almost certainly headed into a painful recession. Ryan Lizza is a Playbook co-author for POLITICO. Larry Summers is the former U.S. treasury secretary. Afra Abdullah is an associate producer for POLITICO audio. Kara Tabor is a producer for POLITICO audio. Brook Hayes is a senior editor for POLITICO audio. Adam Allington is senior producer for POLITICO audio. Jenny Ament is executive producer for POLITICO audio.