tag:blogger.com,1999:blog-4900303239154048192.post8677486740335594874..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: The Don Kohn ShuffleUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4900303239154048192.post-1070297591546297672013-08-03T09:14:14.626-04:002013-08-03T09:14:14.626-04:00Rattner is part of the Rubin mafia that pushes Sum...Rattner is part of the Rubin mafia that pushes Summers from Wall Street. Funny how Rattner says nothing about his own past connections. The NY Times likes that crowd, even though it has officially editorialized in favor of Yellen.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-25461467201488594442013-08-03T08:59:59.853-04:002013-08-03T08:59:59.853-04:00Check out Rattner's Op-Ed at the NYTimes today...Check out Rattner's Op-Ed at the NYTimes today strongly supporting Summers. I await an editorial counter from the NYTimes. Rattner says nothing negative about Yellen; in fact, he is so busy promoting Summers that he ignores Yellen. This may be Obama's "Summers of Discontent."Shag from Brooklinehttps://www.blogger.com/profile/07312591102812315460noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-26804222797353881022013-08-03T07:54:38.487-04:002013-08-03T07:54:38.487-04:00I have been a loud proponent of Janet all along an...I have been a loud proponent of Janet all along and continue to be, which is why I worry about what is going on here. Kohn clearly lacks the sort of knowledge of economics that both Yellen and Summers have, and has not had the forecasting record that she has had (not clear he is any worse than Summers on that one). <br /><br />His big advantage is his long experience in the Fed system, which puts him in competition with Yellen. But, unlike her, that is the only place he has been, an insider gradually moving up from the bottom over decades. He knows fine details, but he is really hurting on the big picture.<br /><br />The other salient fact about him is that apparently he was the main sidekick and adviser of Greenspan when he was in. Certainly some view that as a recommendation, but it is also something to give many of us great pause.<br /><br />In any case, I suspect this latter is what may have put him on Obama's radar screen as a serious candicate to the extent that he is not just a stalking horse to disrupt the push for Yellen and pave the way for Summers, as I described in my post.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-90158638625069432482013-08-03T06:17:07.483-04:002013-08-03T06:17:07.483-04:00Among economist bloggers - Brad DeLong seems to be...Among economist bloggers - Brad DeLong seems to be the champion for Summers but even Brad can't bring himself to put Kohn even on the long list. OK, John Taylor likes Kohn as John hopes Kohn will return us to the Taylor rule. That alone should disqualify Kohn. If Obama has ruled out Alan Blinder and Christina Romer, it is Yellen or Summers. Nothing else makes any sense. I'm still hoping it will be Yellen. ProGrowthLiberalhttps://www.blogger.com/profile/17138489390594441753noreply@blogger.com