Paul Krugman and Larry Summers Are Such Amazing F#@$*%$ Geniuses! Department

So as I finish my Pre-Federal Reserve Interest-Rate Liftoff Lollapalooza, I am left with three conclusions:

  1. Paul Krugman and Larry Summers are such amazing f#@$*%$ geniuses…
  2. If I simply wiped my brain, and reprogrammed the left half with Paul and the right half with Larry, I would be so much smarter than I am…
  3. Their influence on low-theory, analysis, and policy is immense, yet somehow… not big enough…

I confess that back when I somehow found myself taking point on the internet for the Larry-Summers-for-Fed-Chair movement, I thought that the choice between Janet and Larry had the potential to be a big deal if we wound up in the tails–that Larry might break the committee so that it could not act when it needed to, and Janet might fail to act in the absence of consensus when it need to act. But I did not think it would be a big deal anywhere near the center of the distribution.

Yet here we are in the center of the distribution, and somehow the difference the choice has made feels… substantial. Larry the Dove…

Here’s the whole lollapalooza:

December 16, 2015


Brad DeLong
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