Overheat the economy? Nah, in the "you print money, you give it to people and people spend it in the local economy, and you get some of that money back through taxation as usual" sentence, it's not what comes after the "you print money" part that is going to "overheat" the economy or even a problem at all. Since when subsidies "overheat" the economy? If anything it keeps entire sectors afloat No it's the decades old money printing monster that is going to bite the printers in the ass, currency debasement is a thing, and "the economy" is another. But what's for sure is that currency debasement has economic consequences ultimately, and we're probably a couple of inches away from "judgement day" when it comes to it Larry summers is only covering his ass here with a deflection