KRUGMAN: Not Picking Janet Yellen 'Would Look Like Spite'

The latest is from the New York Times' Paul Krugman, who adds a personal note along with some punditry in a post called "Freedom Is Just Another Word For Nothing Left To Lose."

First, he says President Obama must now pick Janet Yellen - in his opinion, she is simply the best candidate:

"...it's really, really hard to see how Obama can justify not picking Janet Yellen at this point. Nobody else is as qualified; any other choice would look like spite."

He goes on to say that he feels bad for Larry Summers:

"Just a personal reaction: I've known Larry for all our adult lives, and looking at this sad play I realize how lucky I am to have reached a place where I'm no longer in the rat race. Obviously I'm plenty combative, and in a way still ambitious too; I do track my Twitter followers, wonder how each column will do on the most-emailed list, and all that. But there are no promotions I'm seeking, no honors I desperately desire that I don't already have."

Very Zen of him.