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Stiglitz says Larry Summers "didn't really think through what he was saying" on inflation

Nobel Prize-winning economist Joseph Sitglitz says he is unbothered by inflation concerns raised by economists and market participants recently, and thinks former Treasury Secretary Lawrence Summers wasn't thinking when he published his recent op-ed in the Washington Post.

What we're hearing: Summers warned about the potential for "inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability," but Stiglitz told Axios that worry about inflation today is "certainly premature" and "totally unnecessary."

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