Can We Trust Experts?

Former Treasury Secretary Larry Summers predicted that if Donald Trump were elected, there would be a protracted recession within 18 months. Heeding its experts, a month before the election, The Washington Post ran an editorial with the headline “A President Trump could destroy the world economy.” Steve Rattner, a Democratic financier and former head of the National Economic Council, warned, “If the unlikely event happens and Trump wins, you will see a market crash of historic proportions.” W...