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Summers: No Economist Can Predict the Economy’s Future « The Washington Independent

Jul 31, 202028K Shares1M Views
Speaking before a gathering of business leaders Thursday, Larry Summers, who heads the White House Economic Council, delivered what might have been the most honest assessment yet of the nation’s economic recovery.
Asked when the economy will rebound, Summers said there are only two types of experts out there wrestling with that question: “Those who know they don’t know, and those who don’t know they don’t know.”
Based on the range of predictions we’re hearing, that seems fair enough.
Paula M. Graham

Paula M. Graham

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