9.21.2010

Heckuva job, Larry

His failings more diffuse, and yet profoundly more powerful, than those of a favorite whipping boy of the Bush years, Lawrence Summers calls it a day.

3 comments:

Negocios Loucos said...

HAH! Well the smartest rats are the ones that get on the first life boats that leave the ship.

W.C. Varones said...

I thought Christina Romer was a noble small mammal deserting the sinking ship, but I think Summers was hypovehiculated.

Dean said...

Unrelated: W.C., thanks for the link from Econbrowser.

And totally related: nothing says Recovery Summer like the top 3 economic advisers bailing to umm... spend more time with the family.

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...