Say of the Day: Lawrence Summers on Markets and Their Failures

Summers was Treasury Secretary after Rubin and after that, President of Harvard.  He had this to say in David Leonhart’s cover piece for the NYT Magazine:

We’ve probably done a better job of the last 20 years on the problems the market can solve than the problems the market can’t solve.  We’re doing pretty well on the size of people’s houses and televisions and the like.  We’re not looking so good on infrastructure and education.

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