Liberals Do the Same Thing, Get the Same Result Year After Year, After Year, After...

John Ransom - While the withdrawal of Larry Summers from consideration for the top job at the Federal Reserve Bank is good news for those of us who are hoping for some sanity from the Fed, the battle is not over.

“Summers, widely regarded as a brilliant economist and a shrewd and decisive policy-maker,” reports Reuters, “was considered to be the front-runner for the position to replace [current Fed Chair Ben] Bernanke, whose second term expires in January. However, Summers was dogged by controversies including his support for deregulation in the 1990s and comments he made about women's aptitude while president of Harvard.”

So now that Summers is gone, the big question lingers: Will we never exhaust the endless supply of brilliant, shrewd, liberal economists who know how to do only one thing, namely, print more money?
No, probably not.

Because after Larry Summers, then there is Janet Yellen, who now appears the front runner for the top job at the Federal Reserve Bank.   More