On Wednesday's broadcast of CNN's "Cuomo Primetime," economist Lawrence Summers stated that the Biden administration isn't "recognizing just how much demand is being created by the tremendous wall of money" they released with previous spending packages, inflation causes a spiral, and breaking inflation spirals requires "some kind of dramatic action and those kinds of dramatic actions often cause recessions. So, I think we're speeding down the road at a really rapid rate, it's kind of a downhill road, and it's not going to be so easy to put the brakes on here, and that's why I'm concerned."