http://www.politico.com/story/2013/07/should-obama-pick-summers-to-head-the-fed-94765.html
Yellen would be significantly better than Summers, says Mike Konczal, who is a good guy. On Fri, Jul 26, 2013 at 9:58 AM, michael perelman < [email protected]> wrote: > Does a member of the Fed board "serve under" the chair? > > > On Fri, Jul 26, 2013 at 6:43 AM, Marv Gandall <[email protected]> wrote: > >> >> On 2013-07-26, at 8:52 AM, Robert Naiman wrote: >> > >> > "Moveon.org, a liberal group that provided major support to both Obama >> presidential campaigns, is circulating a petition entitled: "Don't let >> Larry Summers head the Fed," which accuses him of laying the groundwork for >> the deep U.S. recession." >> > >> > - Opposition mounts to Summers as possible Fed chief >> > >> http://www.reuters.com/article/2013/07/26/usa-fed-summers-idUSL1N0FV0T820130726 >> > >> > Referring to this: >> > >> > Don't let Larry Summers head the Fed >> > >> http://petitions.moveon.org/sign/dont-let-larry-summers?source=c.url&r_by=1135580 >> >> Summers is an abusive character, but is there even a dime's worth of >> difference between him and the other rumoured contender, Janet Yellen? >> >> Even were one a conservative Republican and the other a liberal Democrat, >> evolving economic and political conditions effectively decide policy >> direction at the Fed and throughout the state apparatus. >> >> But there are not even any ideological differences to muddy the waters >> here. Yellen served under Greenspan at the Fed and was also, like Summers, >> a key economic advisor in the Clinton administration. If Summers can be >> accused of helping lay the groundwork for the deep US recession, so too can >> Yellen, which suggest that the objections to Summers by Moveon and other US >> liberals are entirely personal rather than political in nature. >> >> >> >> >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l >> > > > > -- > Michael Perelman > Economics Department > California State University > Chico, CA > 95929 > > 530 898 5321 > fax 530 898 5901 > http://michaelperelman.wordpress.com > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > >
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