Monday, September 16, 2013

Goodbye, Larry

"It’s a bit strange to say that the world’s top economic policymaking job may not even have been the most important thing at stake in the fight over Larry Summer’s candidacy for Fed chair, but it’s likely that this was the case. In reality, the Summers fight was the first fully-engaged Obama-era battle over the future of the Democratic Party—not just over its economic philosophy, but its whole economic constituency."

Noam Scheiber in The New Republic writes an obituary for Larry Summers's quest to head up the Federal Reserve.

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