Summers & Ferguson Debate What Causes Inflation

Mar.12 -- Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor, thinks there is a one-third chance that the Federal Reserve's reaction to inflation caused by stimulus could spook markets and spark a recession. Hoover Institution Senior Fellow Niall Ferguson looks at historical causes of inflation in the 1960s to see if similar factors are in play after another injection of stimulus. They join David Westin on "Bloomberg Wall Street Week."