Finding the Language That Generates the Alarm…

Via Marginal Revolution:

Larry Summers speaking at IMF/World Bank meeting:

The challenge is “finding the language that generates [the] alarm that drives action, but not the despair that proves self-fulfilling.”

The WSJ continues:

Attempting to sound reassuring, he said, “These are solvable problems.” His audience didn’t look reassured.

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Filed under Economics, Quotations

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