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The Deregulators, Smarts and Judgment
Summers is unfit for the position of Fed Chair.
The Deregulators, Smarts and Judgment "Summers is obviously smart, but I wonder about his judgment. I could post many examples of judgment errors - from putting too much confidence in "Counterparties and creditors", to ignoring Brooksley Born, to calling Raghuram Rajan a "luddite" in 2005 for correctly pointing out potential "severe adverse consequences" of the financial system, to the housing tax credit (that I vigorously opposed), to the ludicrous "Summer of recovery" campaign in 2010 (when many of us were arguing the recovery would be sluggish), to the pivot to austerity ... and on and on" http://www.calculatedriskblog.com/2013/09/the-deregulators-smarts-and-judgment.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29 - - -
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