Larry Summers' new inflation target.
Former U.S. Treasury Secretary Larry Summers has found a new target for his war on inflation: President Biden's "hipster" antitrust policies.
Why it matters: National gas prices reached another record high Monday and inflation hit 8.3% last month. Top administration officials are super-sensitive to criticism from Summers, a former Harvard president who served in senior economic roles in the last two Democratic administrations.
Driving the news: “Policies that attack bigness can easily be inflationary if they prevent the exploitation of economies of scale or limit superstar firms,” he tweeted late Sunday night.
