Larry Summers: Do Not Want
Let me add my voice to the growing chorus that thinks that Larry Summers, is the wrong choice to head the Fed. We have all heard of Summer’s brilliance, but his judgment leaves much to be desired. That he is a pompous misogynist is the least of his sins. He was the architect of the Obama Administration’s pivot to austerity, even now he is worried about inflation not unemployment. During the Clinton era he was one the prime architects behind the deregulation of the financial sector, he also led the charge against Brooksley Born, who wanted to the regulate derivatives. Have we learnt nothing? Why do we want this man in charge of the monetary policy?