Among those suggested as probable Obama Treasury Secretaries or economic consiglieres are Larry Summers and Paul Volcker, who have been advising him for many months now. This is very encouraging to those of us who balk at much of Obama’s economic agenda. Summers and Volcker are very smart Democrats. Volcker helped get us out of the ’70s inflation mess. And anyone who earns the wrath of the Harvard faculty for telling the truth, as Summers did when he was the University president — enough to get fired — can’t be all bad either.
I do have some reservations, of course. Lots more to say as the story evolves. . . .
