Larry Summers and the Technology of Money
- Wednesday, March 28, 2012
- By Conor Myhrvold
The former U.S. Treasury secretary and Harvard president sounds off about innovation in online currencies and mobile payments.
Larry Summers has examined the role of money in society through many lenses. He's been chief economist of the World Bank, secretary of the U.S. Treasury, and lead economic advisor to President Barack Obama during the financial crisis; his views shaped the recovery effort.
No matter whether he's serving as a regulator or an academic—or just being portrayed as the blunt-spoken president of Harvard in the film The Social Network—Summers always expresses himself with candor, authority, and a level of conviction that's rare for just about anyone, much less an economist.
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