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[Phys-L] A Looming Disaster?: Appointment of Larry Summers to Chairmanship of the Federal Reserve



Some subscribers to Phys-L might be interested in a recent post "A Looming Disaster?: Appointment of Larry Summers to Chairmanship of the FederalReserve" [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 and are on my blog "Hake'sEdStuff" at <http://bit.ly/14gRl1I> with a provision for comment.