August 30th, 2013

Why Wall Street Wants Summers And Why The Rest Of Us Should Not

Economics & Politics

On the surface the debate about the Chairmanship of the Federal Reserve is about the merits of the two leading candidates, Lawrence Summers and Janet Yellen.  But looks can be deceiving.  President Obama leans towards Summers not on the merits but because the Wall Street bankers want him.  Summers is one of the boys, and the bankers know that Summers will do their bidding, at the expense of everybody else.

Read the full article (co-authored with Laurence Kotlikoff) at Forbes


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