Biden Under Fire: Larry Summers Warns 'Bidenomics' Is 'Increasingly Dangerous' To US Economy

Prominent economist Larry Summers, who served in both the Obama and Clinton administrations, recently expressed deep concerns about elements of President Joe Biden's economic agenda.<br /><br />In a virtual address at the Peterson Institute for International Economics on Tuesday, Summers labeled aspects of the administration's plan as "increasingly dangerous," warning that they could potentially lead to a surge in prices, negatively impacting American citizens, according to CNN.<br /><br />“I am profoundly concerned by the doctrine of manufacturing-centered economic nationalism that is increasingly put forth as a general principle to guide policy,” Summers said, according to the outlet.