He says that he’d prefer Yellen which is still a big step in the wrong direction. Both Summers and Yellen are Keynesians, which means both of them will move us in the wrong direction if they become chairperson.
We should be talking about how to wind down the Fed. Its 100 year charter ends later this year.
(From The Huffington Post)
The conservative senator strongly criticized former chief White House economic adviser Larry Summers, who is reportedly one of the frontrunners for the nomination.
“I wouldn’t want Larry Summers to mow my yard,” Roberts said. “He’s terribly controversial and brusque and I don’t think he works well with either side of the aisle, quite frankly.”