This will be quick--it's already late and my son is a notorious early riser. I haven't been able to catch up with as much as I like this weekend, but an article I read at the tail end of last week has stuck in my craw.
So, to whit: Can anybody explain to me why J. Stiglitz is not on the President's economic team? It's bad enough that Volcker has apparently been marginalized by Summers and Geithner--this is serious WTF territory.
http://www.thenation.com/...
This man has what sounds, at least to my less-than-PhD level economics thoughts, to be the most enlightened, simple and rational ideas about how to fix the bank situation. I know that when this Administration first began shuffling through appointment ideas that Josh Marshall agreed with the initial nominees, but queried about the absence of Mr. Stiglitz. As per usual, Josh shows himself to be far ahead of the game.
I think that this article is worth a thorough and careful reading. I have read it several times so far because though it isn't a difficult read it is deep and thought-provoking.
I hope that this isn't stepping on anybody's toes as far as diaries go--like I said, I've had a full weekend and am trying to get caught up.
Cheers. Let me know what you think.