Today the Washington Post has a "Spring Cleaning Special" in which ten writers make the case for something that deserves to be tossed out this spring. On the trash heap is everything from academic tenure to the White House press corps to the phrase "Muslim world." I chose to argue for the elimination of Barack Obama's chief economic adviser, Larry Summers.
My argument is that Summers represents an often overlooked cause of the global financial crisis: Brain Bubbles (not to be confused with bubble brains). This is the process wherein the intelligence of an inarguably intelligent person is inflated and valued beyond all reason, creating a dangerous accumulation of unhedged risk. Brain Bubbles need to be popped; Larry Summers needs to be stopped!
You can read the piece here.
The good news is that Washington Post readers seem to agree. Last I checked, readers were voting to toss out Summers more than anyone or anything else on the list. So add your voice and vote out Summers here.
You never voted for him anyway. In fact, chances are that you voted for a presidential candidate promising to reverse the elites-first economics that Larry Summers -- the ultimate Brain Bubble -- has championed his entire career.
It might make us all feel better to cast a metaphoric
What exactly has Summers done wrong in the Obama administra
Plenty of people in business and government have made mistakes Summers certainly wasn't alone when he called for banking deregulati
You make my point for me - given Summers track record his appointmen
We can only go by actions. In this case Summers past actions should disqualify him from giving this President advice. What else should Obama base his decisions on if not the actions his appointees have taken in the past?
And really when I voted for Obama I didn't expect he would recycle Clinton's cronies the way he has. I really thought, given his rhetoric, that he would bring new blood to Washington - that he would live up to his word and preclude lobbyists from being a part of his administra
Now that it is clear that Larry Summers earned millions in speaking frees and other niceties from the very banks whose futures he holds in his hands the question is even more relevant and pointed.
It isn't enough for Obama to think Summers is qualified. That just raises the same question in a different way - given all the facts, why would Obama even think that Summers is qualified. And given the appearance of impropriet
Naomi Klein you are trustworth
Mainstream Economics and the Environmen
By Robert Nadeau
...Several well-known mid–19th century scientists told the economists that there was no basis for substituti
By Robert Nadeau
The Origins of Neoclassic
In economics textbooks, the 19th-centu
By Robert Nadeau
In economics textbooks, the 19th-centu
...If we do manage to create the institutio
It’s much deeper than it seems on the surface, and their trying desperatel
Hold on to your wallets folks.. This is going to be one helluva ride.
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Done voted here!
Done deal!
Done deal here!