The New Republic: Free Larry Summers

The New Republic:

On a typical day, Larry Summers, the top White House economic adviser, sits in his office overlooking the Rose Garden and receives a near-endless succession of aides working on a stunning variety of issues. In a single, several-hour bloc, Summers might have meetings on housing, the auto industry, health care, technology policy, and the financial crisis, all of which he's exploring in subatomic detail. Summers is said to be fascinated with such off-the-beaten-path topics as the switch to digital television--he insists on understanding the physics behind the technology.

Read the whole story: The New Republic

Comments

[CitizenCitizen56]

Here a list of competent alternative treasury staff:
1. Professor William K. Black
2. Economist Robert Johnson
3. Fed Reserve Officer Walker Todd
4. Attorney Brooksley Born
5. Applied Mathematician Iris Mack, MBA/PhD
6. Nobel Laureate Joseph Stiglitz
7. Former Fed Chairman Paul Volcker
8. Harvard Law Professor Elizabeth Warren
http://www.democraticunderground.org/discuss/duboard.php?az=view_all&address=114x62584

[johnsonc20]

Yes, please set him free, Obama. Stop imprisoning him at the seat of power. Unshackle dear Larry, so that he can move on to his next fiasco.

[sposton]

"Free Larry Summers"

From what?

"The idea was to show that the other team's proposals were so radical they would send panic through the stock market and trigger an economic collapse."

That explains some of the moves so far.

"The way Summers saw it, the Great Depression had been a problem of "multiple equilibria" gone awry. That is, he believed the economy could just as easily have been booming as shrinking. All it took was for everyone to believe that everyone else would start producing again, and they would too."

This explains the latest "psychological" solutions.

[NoelGreco]

Summers would be a lot more palatable were he not a misogynist.