10.07.2009

Larry Summers and the Financial Crisis


Ryan Lizza profiles Larry Summers and the White House economic team in this week's New Yorker. It's long....so plan ahead.

UPDATE: Here's a good point from Yglesias on how Obama ended up enacting policies that were too timid by Romer et. al's standards because the economic advisors were policy wonks, and they offered proposals that were politically impossible.

1 comment:

Syd O said...

I can give you the short version. Summer's has got a tough task of making American's idiot citizens happy again after all the financial insiders played monopoly with their money while the U.S government did nothing (anything they did was done poorly, ie SEC) to stop that. All of which was brought about by the triumvirate of banking, govt and coroporation policies based on world domination.