No sane person should ever listen to Larry Summers again. This weasel looted America; even looted Russia with his pals at Harvard -anything he has to say that isn't a groveling apology for his life of treachery and destruction isn't worth listening to.
It's a bit funny watching all of these economists backpedal and attempt to explain why the policies they promised would be so great for the average American have failed.
Summers has been talking elsewhere about how America needs a new approach to China that is more aligned with America's economic interests. Of course, he doesn't mention that he helped shape America's approach to China originally.
I'm unfamiliar with this scandal and am having trouble researching it on Google. Can you explain it in simple-ish terms (I'm weak on economics) and/or provide a source?
Andrei Shleifer was definitely his pal, definitely helped loot Russia, is STILL at Harvard, despite their settling a lawsuit over insider trading related to his activities, and Summers was not forced out from his position there for any malfeasance. He was forced out for saying things. Which shows you where Harvard is at; commit crimes, loot multiple countries? No problemo; just don't say things which trigger people.
