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The Vainglory of Economists, and Other Campaign Issues

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The single hardest and potentially most costly decision Barack Obama made in his first few weeks as president-elect may have been to hire Lawrence Summers to oversee his administration’s economic response to the aftermath of the crisis. If you doubt that, see Inside Job, a documentary film by Charles Ferguson designed to get you mad all over again about the financial crisis and its resolution. Artfully edited interviews with economists, bankers and policymaker arranged to tell a story (with empty screens accorded those who declined to sit), interspersed with helicopter shots of tall buildings and accompanied by spooky music –