Stiglitz on New Fed Chief: Spot On, for Yellen Not Summers ... by gimleteye 2013

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Stiglitz on New Fed Chief: Spot On, for Yellen Not Summers ... by gimleteye 2013

Post by Admin on Sun Sep 15, 2013 5:56 am

2013 2013 2013 <div dir="ltr" style="text-align: left;" trbidi="on">Eye On Miami wrote about the decision facing President Obama in his selection of a new chief of the Federal Reserve. <a href="http://eyeonmiami.blogspot.com/search?q=larry+summers">We urged the president against supporting Larry Summers as the next chief of the Federal Reserve, and for good reasons.</a> A 2006 profile in Boston Magazine, <a href="http://www.bostonmagazine.com/2006/05/lawrence-of-absurdia-1/">&quot;Lawrence of Absurdia&quot;</a> briefs the early odd shape of Summers' meteoric rise. Nobel laureate Joseph Stiglitz adds to the chorus at the New York Times, calling for the appointment of Janet Yellen, current vice chairwoman of the Fed.<br><br>Read his online OPED from the NY Times, below: <br><br>SEPTEMBER 6, 2013, 9:11 PM<br>Why Janet Yellen, Not Larry Summers, Should Lead the Fed<br><br>By JOSEPH E. STIGLITZ<br>The controversy over the choice of the next head of the Federal Reserve has become unusually heated. The country is fortunate to have an enormously qualified candidate: the Fed’s current vice chairwoman, Janet L. Yellen. There is concern that the president might turn to another candidate, Lawrence H. Summers. Since I have worked closely with both of these individuals for more than three decades, both inside and outside of government, I have perhaps a distinct perspective.<br><br>But why, one might ask, is this a matter for a column usually devoted to understanding the growing divide between rich and poor in the United States and around the world? The reason is simple: What the Fed does has as much to do with the growth of inequality as virtually anything else. The good news is that both of the leading candidates talk as if they care about inequality. The bad news is that the policies that have been pushed by one of the candidates, Mr. Summers, have much to do with the woes faced by the middle and the bottom.<br></div><a href="http://eyeonmiami.blogspot.com/2013/09/stiglitz-on-new-fed-chief-spot-on-for.html#more">Read more »</a><br> 2013 2013 2013 <br><div dir="ltr" style="text-align: left;" trbidi="on">Eye On Miami wrote about the decision facing President Obama in his selection of a new chief of the Federal Reserve. <a href="http://eyeonmiami.blogspot.com/search?q=larry+summers">We urged the president against supporting Larry Summers as the next chief of the Federal Reserve, and for good reasons.</a> A 2006 profile in Boston Magazine, <a href="http://www.bostonmagazine.com/2006/05/lawrence-of-absurdia-1/">&quot;Lawrence of Absurdia&quot;</a> briefs the early odd shape of Summers' meteoric rise. Nobel laureate Joseph Stiglitz adds to the chorus at the New York Times, calling for the appointment of Janet Yellen, current vice chairwoman of the Fed.<br><br>Read his online OPED from the NY Times, below: <br><br>SEPTEMBER 6, 2013, 9:11 PM<br>Why Janet Yellen, Not Larry Summers, Should Lead the Fed<br><br>By JOSEPH E. STIGLITZ<br>The controversy over the choice of the next head of the Federal Reserve has become unusually heated. The country is fortunate to have an enormously qualified candidate: the Fed’s current vice chairwoman, Janet L. Yellen. There is concern that the president might turn to another candidate, Lawrence H. Summers. Since I have worked closely with both of these individuals for more than three decades, both inside and outside of government, I have perhaps a distinct perspective.<br><br>But why, one might ask, is this a matter for a column usually devoted to understanding the growing divide between rich and poor in the United States and around the world? The reason is simple: What the Fed does has as much to do with the growth of inequality as virtually anything else. The good news is that both of the leading candidates talk as if they care about inequality. The bad news is that the policies that have been pushed by one of the candidates, Mr. Summers, have much to do with the woes faced by the middle and the bottom.<br></div><a href="http://eyeonmiami.blogspot.com/2013/09/stiglitz-on-new-fed-chief-spot-on-for.html#more">Read more »</a><br>2013 2013 2013 <br> <a href="http://www.matrixar.com/" title="Matrix ">المصفوفة : أجمل الخلفيات والصور</a>

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