All-In Summit: In conversation with Larry Summers

This talk was recorded live at the All-In Summit 2023 at Royce Hall on UCLA's campus in Los Angeles.
(0:00) Besties welcome Larry Summers to AIS!
(2:14) Consumer spending, inflation, and the likelihood of a soft landing
(7:24) What would Larry do as Federal Reserve Chair?
(10:29) Inflation, interest rates, and political motivations
(14:09) Regulation to create “frameworks in which freedom can flourish”
(16:29) American resilience and self-denying prophets
(20:46) Educational reform, self-esteem, and achievement
(25:35) Affirmative action and legacy admissions
(30:30) Free speech and academic freedom
Follow Larry:
/ lhsummers
Follow the besties:
/ chamath
linktr.ee/calacanis
/ davidsacks
/ friedberg
Follow the pod:
/ theallinpod
linktr.ee/allinpodcast
Intro Music Credit:
rb.gy/tppkzl
/ yung_spielburg
Intro Video Credit:
/ thezacheffect
Relevant links:
larrysummers.com/

[@tipplewick]

Legend has it Friedberg is still patiently waiting in the conference room to ask his question.

[@MikeFinch]

😂

[@RyanMoreno543]

7:26 7:27

[@toulasantha]

😂

[@Allblack_2011]

Let Friedberg cook!

[@anthropod7263]

Suppression of freespeech for Friedberg😢

[@fabiofuzetti]

Please fix the volume levels. The lecture volume level is low in absolute terms (my volume setting was on the max), then the theme song comes on and is EXTREMELY LOUD!

[@muralisubbarao2245]

I la porte de sa maison

[@omnimoeish]

Does anyone else feel like these segments are about 60% of their optimal length?

[@jakeleslie4766]

larry butters his bread on both sides

[@GeorgeGodula]

Chamath's impression of his mom is hilarious 😂

[@carlodagnolo]

Great talk. This might be ignorant, but as president at Harvard, why didn't he implement these changes he's now speaking of? Happy to learn.

[@prembutter]

I, too, am no expert, but if I had to guess, it's probably the same reason that the President of the US can't just pass any law he wants. It has to go through Congress/Senate.

[@do_regan]

My guess is because he was president, not king, of Harvard.

[@johnodonoghue651]

he's a fraud

[@victarion1571]

Let's go frieburg szn!!

[@4mIlr]

crypto trader and frieburg fan!? Im all in

[@marthajohnson2775]

Listening to Larry Summers best explains why I wanted to go to an institute of higher learning. The exchange of ideas, the chance to see points of view that were radically different from my own, the chance to hear someone else define the world they lived in as opposed to the world I took for granted, maybe even finding out I was correct every now and then, were things I wanted to explore. I wish I could have known people like Mr. Summers. For those of you who have known him, consider yourself blessed. So far, he's been the most interesting speaker of all. Thank you for inviting him.

[@dkgong]

The line-up of guests as been 🔥🔥🔥🔥

[@ga1226]

chamath "me and Larry are so close he stays at my house and teaches my son calculus" palhapatiya

[@r10651]

Spot on 😂

[@willzsportscards]

odd. CP is an astounding intellect but he still needs to prove his worth. Time to let go my man, you've made it. And then some.

[@PatriciaMartinez-br9fp]

Who cares?

[@paramsingh8746]

obviously larry's a big get, just wish we could've gotten a spirited debate/discussion with this instead of a monologue with regurgitated platitudes. guys do you wanna cheerlead less and maybe ask more interesting questions

[@kunaljitchaudhury]

My thoughts exactly

[@wd7056]

Yah no real discussion here with this one

[@uince]

Larry Summers loves the sound of his own voice. His intonation smacks of huge self reverence. The hosts dutifully coddle his gigantic ego by implying the Federal Reserve of the USA, the number one central bank globally, would have adjusted its monetary policy in reaction to Larry’s (overly alarmist and fantastical) prognostications. The Fed somehow didn’t see well, but our all mighty Larry saw through it all, only if Powell had listened to him. All actors here seem past their peak and prime and still seeking glory which eludes them

[@Sssanbo]

their format is tight, works for mr beast but not enough time for a speaker like this.

[@tonyman2c]

Larry don't like to face challenging questions.

[@charles8466]

Need to always watch summers on 1.5x speed

[@jdantes7912]

You boys keep this up and I'm coming to the next one! By far the best guest line up I'm seeing on KZbin so far!

[@Beaches-mp6mo]

Yes good to know what the enemies are up to

[@jdogsupreme]

You should have Larry for a couple hours. This was good!

[@Ellerich800]

Wish the universities could be completely reformed or disrupted to allow orders of magnitude more people to attend than just the elites. Without the limits of supply the world would be a better place.

[@berniethejet]

I'm reminded of a Summers' quote: "The seminar is half over and everything has been said, but not everyone has said it."

[@timsmith6700]

Rather than self regard,... getting to the truth in the most excellent way..... YES brave statements about academic inquiry and free speech. Suprised by Dr Summer's intellectual bravery. Great panel. Great conference.

[@danielcovelli5623]

Extremely based

[@TheDevilscry69]

"It's not only people in political situations who when they develop a strong view change it only slowly in response to evidence." - applies to everybody

[@timbrooks2763]

Wow what a guy, sence at last ! Thanks AIP

[@thanosliaskas3531]

What a masterclass! Super inspiring talk!!!

[@jonquindiagan7625]

Thank you for sharing this!

[@katiegreene3960]

The ' Jeremiah's of alarm ' what a good phrase

[@claudeelbaz8673]

superbe guys ... wonderful job ....thx ... love it

[@Sumo264]

Glad to see Larry could stop by in between his stints on little st. James

[@karolpelc3956]

It’s amazing Larry Summers has joined the All-in-Summit. Looking forward to the next year summit. See you all in 2024!

[@n8works]

Hey! This guy's speaking my language. What a legend. 🙏

[@shorelineconstruction6798]

Our universities should be modeling and demonstrating that rather than leading a charge, as it too often seems they are, towards an orgy of mutual self regard, respect and care rather than getting closer to the truth in the most excellent way" ... WORD !

[@cathypaz3555]

Great Line-up!! ❤

[@Web4Humanity-Humanverse]

💜 We are evolving drastically more in the next 5 years than the last 100 years.

[@20thcenturyboy85]

Thanks to Larry and his speaking at this great 2023 All-In Summit!

[@moilanea]

Thank you so much for this!

[@Tkanyike]

Friedberg never got to ask his question.

[@karatsurba4791]

Larry, most people know what we need . Executing solutions n existing barriers is what is needed. Thanks for ur talk, but it lacked insights unlike Bill Gurley's

[@Snowcat001]

I listen to these with a headphone. The volume of the intro and outro are WAY of from that of the conversation. Could you guys PLEASE equalize the volume across the entire video? It should be easy. Thank you!

[@ChinmayaSaxena]

With this quality of conversation, one wonders why the All in summit should not be a Quarterly event - It will only help accelerate constructive work in the world! Both Larry's and Graham's sessions were soaked in wisdom for the current and future generations.

[@chrislin2774]

Glass-Steagall Act needs to be reinstated.

[@russellmm]

Another great panel guest. I realize you had many speakers and a limited time but I really wish each speaker had more time to talk. They just feel way too short

[@BradKaellner]

That last bit on free speech in universities was 🔥

[@lasvegasadventures8729]

That was great.

[@fbmg8547]

I enjoyed the others guests way more but hopefully some of you enjoyed this

[@alexmarinica5310]

Larry sure does like the sound of his own voice.

[@dentonjordan6992]

When lots of folks consider you a sage, you may begin to believe it and act more and more like one

[@bnaudeen1179]

Get you somebody who looks at you like Chamath looks at Larry

[@surfnbacker84]

Achievement leads to self esteem. Not the other way around.

[@dfend451]

Let the show begin!!!!!

[@DharmendraRaiMindMap]

Larry acted very well in Social Network !

[@daffydaffy7673]

Rating all your guests, Larry is at the bottom...answers questions, (if he answers at all), like a politician and goes off on a tangent

[@ami156]

Not even 40 minutes with this caliber of guests is a crime!! Chamath gets sleepover parties with Larry all the while Friedberg is too socially awkward and anxious to even get a single question in. Atleast get these people on the pod.

[@arkadmedia9300]

Some heavy weights you guys brought this time… 👏👏

[@PazLeBon]

heavyweights

[@moneyglitchjon]

What a great guest for the show!

[@pnebuloni]

Argentina, what a country 🇦🇷

[@barryholiday8998]

Larry said education needs to include objective measures like standardized testing and then went on to claim that racial discrimination in admissions is good because it helps those that wouldn’t otherwise be accepted based on testing. He also said achievement should precede self esteem not the other way around. Larry, please make sense of this. Smh.

[@patrickhui8360]

This is the US that other countries don’t have - open society with brilliant minds.

[@lorenzoinpersona]

This man is “ALL-in” on Cash

[@kimberleywarren8679]

Harvard Professor is NOT as prestigious as it used to be...sad! Larry says on one hand achievement/merit is important, on the other hand he wants admittance based on ethnicity???

[@vijendrasingam7903]

classic! on second marriages and soft landings

[@jimbooneway1808]

amazing larry for president

[@olegprytula2881]

Vivek 🎉

[@laidbackBEN]

Payback speed 1.5 FTW 😅

[@MostAlpha]

Good idea!

[@ryanbaileyboxing]

Loved his point about managing expectations 😅😂

[@birhon]

Easily the best talk I've seen this year

[@3zoOzBarCa]

letss goo

[@ayushsharma9036]

This was the best session and he was hands down the best speaker of this event.

[@thebachu786]

the besties were fan boying a bit much on this one. But to be honest, I did fanboy at his Achievement from self esteem line!

[@MN-nw9yq]

Always a pleasure to listen to Larry.

[@uince]

He also seems to enjoy his own voice to a great extent

[@bbs32]

He is the man with intelligence. good speech!

[@alanmrsic893]

Great stuff, thanks again!

[@nbme-answers]

11:44 Recorded ~September 10, 2023

[@puresuffer2]

Yall gotta reduce your intro/outro volume

[@beschterrowley3749]

yes the audio is f*ing awful

[@Stanley-gi9nb]

My take on Larry Summers is that you can take both sides, but when you takes both sides to the fullest, it became blank.

[@Ronnieleec]

Larry is a treasure.

[@trumpyla]

🔥

[@sk708]

'We are the place that every part of the world wants to come to'. Well, that isnt as true as it used to be.

[@thucydd]

Good job Larry!!

[@sams8502]

Larry needs to cough that loogie out of his throat

[@anthonyb8622]

Need Larry on the podcast for a 2 hour interview

[@everydaygian9218]

fun

[@brilliantvoiceovers]

FREE Friedberg 😂 let him cook!

[@thomasnook118]

Get this man David a raise

[@max0x7ba]

Quite a few of my friends who studied in the US opted for not getting US citizenship because of its worldwide tax liabilities. People with options avoid getting US citizenship.

[@TimJamesSaunders]

This guy is smart

[@TheJoshGalt]

I appreciate Larry's insight, but do not forgot that he is largely responsible for much of the inflation. Further to that, he was quick to speak to talking points which were clearly insincere and sound-byte-esque.

[@ryanbaileyboxing]

These guys are much better interviewers than podcast hosts 😂 was surprised to see no childish bickering 👍🏾

[@scootjimenez9826]

this dude is a tank lmao

[@coolnit62]

Larry is saying the buzz words as a politician. He knows all what the audience wants to hear is what is required but knows very well it will never happen. So it doesn’t hurt him at all saying it. He is mostly threaten by what the Supreme Court did throwing out affirmative action and kept merit based entrances. That is not Larry cup of tea. It’s cool to say it integrates all but history has shown us that is not the case. And he knows very very well that legacy admission is here to stay. But cool to say that it should go. So thanks Larry. A good retirement is what you need.

[@rightq3111]

We have to overcome this pretentious economy… makes so much sense he said it brilliantly.

[@killkandle4276]

Why is each guest so short of time would of liked 60 minutes vs 30 or so Freidburg couldn't even get his question in lol.

[@jennetal.984]

“I’m not that old” sayeth the barnacle

[@doriank.brooks5590]

Please bring the Secretary on the pod!

[@lindyswing4368]

35 mins and nothing.....zzzz

[@jiahanliu]

These are really good. Can we add these to KZbin Music Podcasts?

[@danacarstea2888]

Video isn’t working

[@jproche1374]

“This comment is transitory” - Jopa the Guru

[@kagisomonareng]

Larry was cooking here!!! 🔥🔥🔥

[@aneil3041]

The All in Summit is really pulling out all the stops🔥.

[@MattyNiceZM]

He’s really great at sounding good without saying a gd thing

[@waclawberent]

Great mind, no doubt. Even when you don't agree with him, it is a very knowledgeable presentation by Lery. Wonder if he knew questions before??? Still great summit presentation. IMO

[@dannyquiroz5777]

It was kind of an interesting speech by Larry but it was really pretty completely confused.

[@GChizo]

Great talk!

[@porroapp]

Jon Stewart!

[@ptroy72blue]

This sucked 😕 ...everyone wants progressive politics when they don't have to pay the price ...why are people clapping