Friday, November 7, 2008

Why aren't people who got it right on the list?

At FiredogLake, Ian Welsh dismisses the present list of favorites for the Secretary of the Treasury as being pretty awful. Speculation apparently involves the names of Larry Summers, Tim Geithner of the NY Federal Reserve Bank, Paul Volcker, FDIC Chairman Sheila Bair, Laura Tyson who was chair of Clinton's council of economic advisers and Jon Corzine.

Ian then proposes some suggestions of his own (all of which sound quite good to me):

Here's the question—why aren't people like Roubini, Krugman and Stiglitz on it? Why aren't people who got it right, early, and who are actually reasonably progressive, on the list? Or even Robert Reich, who called it in 2005?


Damn fine question Ian.