January 7, 2010
Them Harvard Boys All Stick Together
Actually, Prof Mankiw has an interesting take on the oft-rumored upcoming under-the-bus-throwing of Larry Summers. (My favorite tale was that the left is disturbed because Summers brings too much frugality to the Obama Administration -- yikes!)
Mankiw thinks that Summers is a valuable voice, but might be miscast as a policy guy:
On the other hand, the job Larry has--NEC Director--traditionally has the responsibility of coordinating the policy process, which requires more people skills than deep insights into economic policy. Maybe what the White House needs is a reorganization. Put a hard-working but easy-going person like Jason Furman or Doug Elmendorf in charge of organizing the economic policy process and then give Larry a position such as "senior adviser" from which he can kibitz on a wide range of policy topics. There is really no one better at asking the hard questions that need to be asked.
He did have a policy role in the Clinton Administration, and presumably as President of Haaavaad, but a reorg might be better in this than another underbussing.
Obama Administration Posted by John Kranz at January 7, 2010 11:10 AM