I have been following the press on the President’s choice of someone to replace Bernanke in the Fed, and have had a strong intuition that Larry Summers would be a very bad choice. This is the first appearance I have seen of an authoritative and strong opinion about this. I recommend it.
Stiglitz minces no words. They may sound not so different, but there is a vast difference between them, according to someone who has worked with both for decades.
Why Janet Yellen, Not Larry Summers, Should Lead the Fed – NYTimes.com.