Larry Summers, who appears to be one of the two leading candidates to become Treasury Secretary under Barack Obama, is attracting flak from some people. But the reasons being advanced not to give him the job do not seem to me to be persuasive.
This is not to say that Mr Summers ought to be a slam-dunk for the role. Tim Geithner, the president of the New York Federal Reserve, also seems to be in the frame and would probably be a good Treasury Secretary. But Mr Summers has some unique qualities for these unusual times. Read more