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Larry Summers, the Fed & Re-writing History

We don't generally comment on possible/prospective/rumored candidates for government positions (trial balloons or not), but the possibility of Larry Summers being the next Chairman of the Federal Reserve Board raises such critically important issues that we're going to make an exception. (Full disclosure: we made an exception when it was reported that the President was going to replace CFTC Chairman Gary Gensler.)

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