"We know the first rule of holes is stop digging. We are in a hole that we have made. If we stop digging, the situation is less serious than if we continue to dig."
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Jews from the United StatesUnited States federal government officialsPeople from New HavenEconomists from the United StatesUnited States Secretaries of the Treasury
Original Language: English
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"Larry Summers on Trump: 'The First Rule of Holes Is Stop Digging'" The New York Times (April 14, 2025)
https://en.wikiquote.org/wiki/Lawrence_Summers
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Lawrence Summers
1999 – 2001
Lawrence Henry "Larry" Summers (born November 30, 1954) is an American economist, who was Vice President of Development Economics and Chief Economist of the World Bank (1991–93), senior U.S. Treasury Department official throughout President Clinton's administration (ultimately Treasury Secretary, 1999–2001), and director of the National Economic Council for President Obama (2009–2010). He was president of Harvard University (2001–2006), where he served as a professor and director of the Mossavar
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