........Rajan’s presumed US counterpart, Lawrence Summers, hasn’t gotten the
official nod yet, although he has received a lot of presidential
blessing as the right man for the job. And yet I wonder. Sure, Summers
as an economist is as brilliant as Rajan. Both were star professors in
the US economics scene. But in complete contrast to Rajan, Summers has
excelled almost exclusively as a propeller and enabler of vested
interests. His speciality is not speaking truth to those in power, but
rather most agilely further empowering those in power...........
Read - ET
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