Thursday, October 10, 2013

When Your Friends Have Truly Terrible Ideas

Noam Scheiber:

Yellen’s social circle, on the other hand, consists mostly of tweedy professors and government officials. She strikes me as sufficiently devoid of attachments to bankers and money managers that she can imagine them having some truly terrible ideas—even the smart, witty, seemingly upstanding ones. This is in fact more true of her than the average senior Fed official in New York or Washington.

Also a problem in school reform.

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