April 05, 2009

Larry Summers, Dbag

PhotobucketUgh and What a dick.

I've never liked Summers. While Rubin may have gone overboard on deregulation (as were the vast majority of economists during the 90's), Larry always went further. Uncomfortably so. While Rubin was an advocate for government running surpluses and paying doubt debt, Summers stuck to his Friedmanite roots, unconcerned about debt loads.

President Obama has access to some of the most brilliant minds in economics and finance, yet he chooses Summers to chair the NCE. Instead of Volcker who is orders of magnitude more competent than Larry Summers.

Posted by mcblogger at April 5, 2009 03:31 PM

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