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A problem at the Federal Reserve is that people doing the same job for 15-20 years become attached to how they've done things before and fail to update methods to reflect how the world has changed

causalpending

Speaker

Larry Summers

Evidence Quote

“One of the problems in any organization with having people do the same job for 15 or 20 years is that they tend to get a little attached to the way they've done things before and not update uh things in respect to the ways the world has changed.”

Source

Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall Ferguson— University of Austin (UATX)
Created: 8/11/2026, 6:52:24 AM

My Notes

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