A Looming Disaster?: Appointment of Larry Summers to Chairmanship of the Federal Reserve

Some blog followers might be interested in a recent post “A Looming Disaster?: Appointment of Larry Summers to Chairmanship of the Federal Reserve” [Hake (2013)]. The abstract reads:

ABSTRACT: According to Ezra Klein (2013) at http://wapo.st/14ggedZ “Right now, Larry Summers is the front-runner for Fed chair.” What’s that got to do with education?

Four points:
1. Commentator Chris Hayes at http://nbcnews.to/18L6Tck [one may have to wait out a 33 sec add :-( ] has sensibly argued that the most powerful federal U.S. official after the president is the Chairman of the Federal Reserve.

2. Summers thinks that considering the economy as a subset of the ecosystem, as does ecological economist Herman Daly http://bit.ly/1367eoS, is “not the right way to look at it.”

3. Considering point #2, Summers’ appointment to head the Federal Reserve might be a disaster for the environment and Planet Earth.

4. “Human history becomes more and more a race between education and catastrophe” - H.G. Wells (1920) at http://bit.ly/yCkMjN.
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To access the complete 10 kB post please click on http://yhoo.it/158Fm5z.

Richard Hake, Emeritus Professor of Physics, Indiana University
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“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”
- Kenneth Boulding

REFERENCES [URL's shortened by http://bit.ly/ and accessed on 30 July 2013.]
Hake, R.R. 2013. “A Looming Disaster?: Appointment of Larry Summers to Chairmanship of the Federal Reserve” online on the OPEN! Net-Gold archives at http://yhoo.it/158Fm5z. Post of 30 Jul 2013 15:22:12-0700 to AERA-L and Net-Gold. The abstract and link to the complete post are being distributed to various discussion lists.