Nobel laureate criticizes Summers for deregulation leading to recession

Nobel laureate economist Joseph Stiglitz makes a case for Janet Yellen to head the Federal Reserve, and criticizes Larry Summers, who is President Obama’s alleged first choice, for his support of economic deregulation of the financial sector, which precipitated the 2008 recession.

Read the full article in Stiglitz’s weekly NYT blog, “The Great Divide.”