Summers: Washington policy errors stem from flawed judgment, not political malice
Larry Summers · All-In Summit: In conversation with Larry Summers · Sep 18, 2023 · at 12:17
Former US Treasury Secretary Larry Summers responds to All-In co-host David Sacks' argument that political motivations delayed the Federal Reserve's response to inflation.
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“It's a mistake To think whenever anybody makes a judgment that doesn't turn out right in Washington, that it's because they had some bad political motive and were playing politics, rather than they were using their best judgment and they turned out to be wrong, and like human beings in public environments, they changed their mind slowly in, ah, the face of evidence.”
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