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Discuss: Larry Summers, Front Runner

Posted By Barry Ritholtz On July 23, 2013 @ 7:30 pm In Really, really bad calls,UnGuru | Comments Disabled

Last week, I noted my preference for Fed Chief was Anyone But Larry Summers [1].

So you can imagine my disappointment when Ezra Klein posted this today:  Right now, Larry Summers is the front-runner for Fed chair [2].

Oy.

This nation faces too very large political problems related to economics:

1. The President of the United States is an Economic Naif. Perhaps less so than he was on January 20th 2009, but overall, I cannot help but reach the inescapable conclusion that he lacks a sophisticated understanding of the economy.

2. That naivete has led him to be bamboozled — repeatedly — by Robert Rubin and his acolytes. Both Tim Geithner and Larry Summers are “Rubinites.”

 

Discuss.

 

 

images [3]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2013/07/discuss-larry-summers-front-runner/

URLs in this post:

[1] Anyone But Larry Summers: http://www.ritholtz.com/blog/2013/07/anyone-but-larry-summers/

[2] Right now, Larry Summers is the front-runner for Fed chair: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/23/right-now-larry-summers-is-the-front-runner-for-fed-chair/

[3] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/07/images.jpg

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