Larry Summers on Trump’s ‘Tragic Precedent,’ TikTok and Regulation

There is a substantial case that blockchain and distributed ledgers represent an important innovation that will make the economy work better. What the ultimate wealth creation happens to be, I can’t pretend to judge. Fundamental innovations like the internet led to era-defining wealth creation. Fundamental innovations like alternating current were ... See more

I don’t think there is a durable industry based on the idea that central banks are going to hyperinflate existing currency, and I do not think a durable industry will be built around the idea that rules requiring transparency of wealth can be circumvented.

How bullish or bearish are you on cryptocurrencies at the moment?

We are confused, or maybe divided is a better word, as to whether they are national champions in competition over the spaces that will define the rest of the 21st century or whether they are villains that are threatening consumers’ privacy, rational dialogue and civility, and our public culture

Are Facebook, Google, Apple and Amazon too powerful? Should they be broken up?

I was surprised. One of the hallmarks of the difference between American capitalism and capitalism in many emerging markets has been American capitalism is defined by the rule of law, by the absence of randomly exercised discretion and by predictability. And none of this seems consistent with those values. It was also very unclear what the rational... See more