Crisis Quote by Paul Samuelson
“What we know about the global financial crisis is that we don't know very much.”
About This Quote
Source Speech: 1990s Economic Outlook, Paul Samuelson, 1995
The crisis is poorly understood, highlighting uncertainty in global finance.
In simple terms: We know little about the crisis.
Key Takeaway
Accept uncertainty, seek better data.
Themes
economics
uncertainty
finance
Mood
analytical
cautious
Type
academic
informative
When to use this quote
- policy making
- investment decisions
- academic research
Key Concepts
systemic risk
information asymmetry
Questions to Reflect On
- How can we improve crisis forecasting?
- What data are missing?
A Different Perspective
Complex systems defy simple explanations.
![“When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.” quote by Paul Samuelson](https://sms4smile.com/quotes/img-quotes/0e0/paul-samuelson-9078_advice_when-the-economy-was-going-up-milton-fri_107897.jpg)
