As if Larry Summers wasn’t bad enough. The Obama administration has chosen his replacement to head the National Economic Council and, like Summers, the choice is a former Clinton administration official perhaps best known for being at the forefront of America’s worst policy blunders over the past two decades.
Tag Archives: Larry Summers
Not only is the holiday season upon us, but so is the ten year anniversary of the approval of the disastrous Commodity Futures Modernization Act (CFMA). Perhaps only the repeal of the Glass-Steagall Act, which prevented banks from using deposits on risky investments, during that same time period was more destructive to the economy than this bill.
This article originally appeared on OpEdNews.