Martin Wolf interviews Larry Summers: Is Trump a threat to the US economy?

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• 00:00

  Hello, and welcome to the Economics Show.

• 00:03

  I'm Martin Wolf, the FT's chief economics commentator in London,

• 00:11

  while our regular host, Sumaya Keynes is on maternity leave.

• 00:15

  You'll be hearing a lot more from me over the coming weeks.

• 00:19

  Today I have the pleasure of talking to someone who has uniquely been a hugely distinguished academic,

• 00:27

  a top official, and a highly influential voice on global economic affairs.

• 00:32

  He's also somebody I've known since the mid-1990s when he joined the US Treasury.

• 00:39

  I'm talking, of course,

• 00:40

  about the former United States Treasury Secretary and President of Harvard University,

• 00:46

  Larry Summers.

• 00:48

  His signal characteristics are his originality and moral and intellectual courage.

• 00:55

  This combination is why he has sometimes upset people.

• 01:00

  It is also why he is so influential.

• 01:04

  Larry, welcome to the show.

• 01:06

  Good to be with you, Martin.

• 01:09

  So this interview is inevitably going to be dominated by Donald Trump's return to power and why he won,

• 01:18

  and in addition,

• 01:19

  what this earthquake political and potential economic means for the US and global economies.

• 01:28

  So how did you personally feel during the small hours of 6th of November,

• 01:34

  as the results started to roll in and it became clear not only who the winner was,

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