Commentary

Larry Summers Goes to the Moon

By Troy Senik
Wednesday, July 22 2009

Nearly 40 years to the day that Neil Armstrong and Buzz Aldrin first set foot on the Moon, the United States celebrated late last week with another exercise in weightlessness: a speech to the Peterson Institute for International Economics by National Economic Council Chairman Lawrence Summers. Summers, an eminence grise in Democratic economic circles and a key architect of Clinton-era economic policies, has often been one of the few sources of comfort to those of us who fear the Democratic Party’s hybrid of ignorance and contempt for markets. But in his address to the Washington-based think…

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