Larry Summers

In his new book, The Escape Artists, my TNR colleague Noam Scheiber makes the interesting argument that one problem with President Obama's economic team was that, in struggling to pull the U.S. economy out of recession, the Rubinites (i.e., Tim Geithner and Larry Summers) were fighting the last war. READ MORE >>

Just a quick word about Jeremy Stein, the Harvard financial economist Obama is nominating to serve on the Federal Reserve Board. I suspect critics on the left (and perhaps on the right) will seize on the fact that Stein was close to Larry Summers, who brought him into the Obama administration to work at the NEC. READ MORE >>

Will Wilkinson asks why conservatives have almost uniformly abandoned Milton Friedman's monetarist views in favor of various hard-money approaches: READ MORE >>

Carol E. Lee and Jonathan Weisman have a story chronicling the gripes of various donors with President Obama's reelection effort. This seems like one of the less sympathetic but more avoidable complaints: The overtures to donors have not always gone smoothly. READ MORE >>

I’m trying to understand the math in today’s NYT story by Michael Shear about Bill Clinton people in the Barack Obama Administration, begged to the announcements of Bill Daley as Chief of Staff and Gene Sperling to head the National Economic Council. Key quotes: The appointments add to the already significant ranks of Clintonites in Mr. Obama’s administration. READ MORE >>

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