Larry Summers On The Economy

Saturday’s (June 19) Boston Globe contained an interview with Larry Summers on the state of the economy.

I found the phrasing in a couple of his statements, as seen below, notable:

“Summers, the former Harvard University president and Treasury secretary under President Clinton, presented a cautious, measured view of economic conditions. For example, after expressing confidence that European policy makers would contain the government debt crisis and avoid another global financial crisis, he added that the assessment was “my best guess, and I could be wrong.’’

Or, when asked if the nation had achieved a self-sustaining recovery, Summers responded, “I think that’s the right presumption and my expectation. I wouldn’t be foolish enough to be certain.’’”

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