Larry, WHY?

“An Austrian cabal has taken secret control of the Democratic Party at the highest levels of the US government.”

More here. Strong opinions about monetary economics are probably not why the Senate Democrats prefer Janet Yellen, but whatever the reason, I sure am glad it looks like the Larry Summers for Fed Chair trial balloon has been popped.


  1. Not a strong link. I am unclear why seeing “artificialities” in land use caused by tax policy, for example interest rate deductions, can be perfectly logical but seeing “artificialities” caused by fiscal policy makes someone an Austrian or an intellectual dinosaur.

    I have worked on policy for a while, and have yet to see one that was universally regarded as good by anyone seeing the big picture ( or trying to)

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