“Yes, Summers is smarter than we are. Yes, he has a better academic record. Yes, he is a real economist. Yes, he has widespread political support and a winning personality. But beyond those things, studies find that people with lower IQs make better truck drivers than people with high IQs. Which puts the critical question right out in the open: What kind of thing is running a central bank? And how smart do you have to be to be a successful central banker?”
http://dailyreckoning.com/larry-summers-was-a-lousy-choice-anyway/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Jacob Hornberger: Ditch the CIA, the Pentagon, and the NSA
The West Is Closing Its Doors - To Westerners Themselves
Why John McCain Wants to Aid Lung-Eating Syrian Terrorists
Media Seeks Answers To General Solicitation
North Dakota Builds The First New Refinery In The U.S. Since 1976
Bill Bonner: The Bottom Is Still Ahead for This Bear Market
Trump Wants to Make It Easier to Start a Nuclear War. This Should Petrify Us
Marc Faber: Train Yourself Not To Depend On The Internet & Mobile Phones
The National Security State's Incestuous Relationship with the Islamic State
Pat Buchanan: Too Many Wars. Too Many Enemies.
Cyprus Parliament: “Stuff It, Eurocreeps!”
Lindsey’s Plan for War on Iran
Do Immigrants Have the Right to Pursue Happiness?
James Bovard: Budget bill leaves no boondoggle behind
The USDA Is Pushing Food Stamps Like a Drug Dealer at a Grade School