Tuesday, December 14, 2010

Larry Summer's Legacy


This description of Larry Summer's last press conference as a key adviser to the president on economic policy may well typify him and his career. He is obviously a brilliant person, but personal humility and the ability to project himself well in public appearances is not one of his strong points.

His conclusion on the performance of the administration's economic policies is that things would have been worse without it. The thing that he will miss least about leaving Washington is a critical press that fails to understand how policy is shaped.

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