Lawrence Summers, the president's director of the National Economic Council, told a think tank gathering Friday that "fear begets fear" and that "is the paradox at the heart of the financial crisis."The line that really caught my attention: "excess of fear".
It reminded of another psychological prognosis that someone else's economic advisor made half a year ago.
Connection? I dunno. Just a thought. What do you think?
On another note, my HBS Daily Stat just told me that "Barack Obama has replaced Jesus Christ atop a list of America's heroes" according to a recent poll. Check it out - some fun facts about who Americans regard as heroes. (BTW, Hilary passed Bill this round).
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