Watch the second debate between Paul Krugman and Larry Summers. See video here (https://www.youtube.com/watch?v=IqkR0ODHie4).

This second video took place on January 2022. The inflation at the time was 7.5%. Krugman and Summers revisit their views from their first debate a year earlier, and argue whether they were right or wrong, and why.

First, watch the whole debate. Then, post your comments following these guidelines:

1. Initial post (counts 20 pts). Your must write initial post with three paragraphs, each paragraph should analyze the following:

• Summarize the key points of Paul Krugman: in his view, what are the factors driving inflation? what is his recommended policy?
• Summarize the key points of Larry Summers: in his view, what are the factors driving inflation? what is his recommended policy?
• Which arguments do you think are more convincing? Explain why.