“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/
Related posts:
Manning Show Trial Exposes the Fraud of Representative Democracy
From the IRS to the EPA?
Ron Paul: Janet Yellen is Right, She Can’t Predict the Future
Airlines Merger: Competition vs. the Great Trusts
Will FISA secrecy doom democracy?
Selective Outrage Will Not End Government Abuses
Ron Paul: The War on Terror is Creating More Terror
PM Volatility Masks Impending Rise In Metals And Miners: Don't Sell Out
The Hugely Hypocritical Hillary
Facial Recognition Toll Booths Identify Drivers And Passengers, Notify Police In Seconds
Andrew Bacevich, The pretend war: why bombing Isil won't solve the problem
Thoughts on Bitcoin
Obama Meets Security Advisors Over "Most Specific, Credible Terrorist Threat In Years"; US Forces On...
Bill Bonner: The Cryptocurrency Revolution
Understanding Gold Market Dynamics