White House portrait of Lawrence Summers. (Photo credit: Wikipedia)
Cropped picture of Joseph Stiglitz, U.S. economist. (Photo credit: Wikipedia)
English: Janet Yellen being sworn in by Fed Chair Ben Bernanke (Photo credit: Wikipedia)
Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)
This is a brilliant, MUST-READ article from Nobel Prize winning economist, Joe Stiglitz, published in the NYT. Check it out!
Why Janet Yellen, Not Larry Summers, Should Lead the Fed – NYTimes.com.
Personally, I endorse Joe Stiglitz’s view. I was surprised to see the other day that another Nobel Prize winning economist, Paul Krugman was assuming that Larry Summers was the increasingly favored candidate.
Whilst I respect Larry Summers intellectually, he comes across to me as smug and conceited; accordingly, I would worry about his style in a consensus building role.
I sense that if Janet Yellon wins then the financial markets will hit the stratosphere.
Any thoughts?
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