Some people are overly mechanical about believing statistical results from a computer without applying judgment, though this is something the speaker tried to avoid as a policymaker, and there is a particular model used more by Fed staff than Fed policymakers that the speaker does not think is a good model
normativepending
Speaker
Lawrence SummersEvidence Quote
“Do I think some people are overly mechanical about believing some statistical thing they estimated on a computer and not applying judgment? Absolutely.”
Source
Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall Ferguson— University of Austin (UATX)Created: 8/11/2026, 6:36:04 AM
My Notes
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