Summers, The Criminal Clique and the Booth School
April 18, 2009 • 7:33PM

Obama economic adviser Lawrence Summers' praise for Milton Friedman and Friedrich von Hayek as "penetrating" thinkers and leaders of economic thought, points to the true nature of the "behavioral economics" clique through which Summers and his cohorts have captured control of U.S. economic policy.

The clique's power center appears to be the Booth School of Business at the University of Chicago, American home for the world empire model of the dope-dealing British East India Company.

Famous Booth School Professors include the following "behavioral economists," current participants in the Summers clique:

** Gary Becker, a leading advocate for legalizing narcotics, and for imposing fascist austerity measures on Mexico and South America, on the model of Becker's guru, the late Milton Friedman, a drug-legalizer and the most famous booth School professor. Becker is a former president of the British empire' bankers-dictatorship group, Mont Pelerin Society, founded by University of Chicago economist Friedrich von Hayek

** Austan Goolsbee, chief economics adviser to Barack Obama's 2008 Presidential campaign. Goolsbee has eulogized Friedman and the economic results of Friedman's fascist Pinochet regime in Chile.

** Steven Levitt, author of Freakonomics.

** Kevin M. Murphy, Gary Becker's co-author of a major paper calling for legalizing narcotics. The paper was sponsored by the Hoover Institution Project on Drugs, associated with the leadership of George Shultz.

** Richard Thaler, considered "the father of behavioral finance," who coordinated the financial establishment's funding and shaping of the clique, around the work of brainwasher / psychologist Daniel Kahneman. Thaler runs a multi-billion-dollar private equity fund with Kahneman on the board. Thaler and former University of Chicago Professor Cass Sunstein co-authored the behavioral economics propaganda book, Nudge. President Obama has chosen Sunstein as Regulatory Czar to head the Office of Information and Regulatory Affairs).

** Robert W. Vishny, behavioralist, Andrei Shleifer's partner in LSV Asset Management, founded in 1994 while Shleifer was looting Russia; co-author with Shleifer of the 1993 paper, "Corruption." Vishny heads the Corporate Finance program in the National Bureau of Economic Research (NBER). Richard Thaler and other clique members run the NBER's "behavioral economics" program.

Former professors at the Booth School include

** Myron Scholes, co-originator of the Black-Scholes options pricing model which helped produce the derivatives bubble that destroyed the world economy.

** George Shultz, economist and former dean of the Booth School, former U.S. Secretary of the Treasury (and Secretary of State), fanatical drug legalizer; Shultz co-created the Pinochet dictatorship and was instrumental in breaking the former Bretton Woods System in 1971.

** Robert Fogarty, Nobel Prize winner, taught that black slavery was efficient and productive, while railroads were counter-productive.

The Becker Center on price theory, founded by Milton Friedman at the University of Chicago, is now named for the pro-fascist "behavioral economist" Gary Becker. Among the four directors of the Becker Center are Harvard Russia-looter Andrei Shleifer, former Booth Dean GEORGE SHULTZ.

In 1992, former Harvard teacher Summers, then World bank Chief Economist, sent Andrei Shleifer to Russia, to help Summers run the privatization of what had been Soviet-government assets. Shleifer was paid by the U.S. government Agency for International Development (USAID), through the Russian office of Harvard University' Institute for International Development, managed by Shleifer.

Summers and his agent Shleifer coordinated with Anatoly Chubais and other Russian government officials, on the British-Mont Pelerin Society program to crush Russia's industrial power and set it up to be looted by gangsters and speculators. Shleifer, his wife and their confederates acquired assets privatized under Shleifer's direction, hid and laundered the loot. U.S. authorities sued Shleifer and Harvard for their looting conspiracy, the USAID/Harvard program was shut down. Though Harvard and Shleifer agreed to repay tens of millions of dollars the U.S. government had sunk into the collapsed Moscow program, Summers returned to Harvard as the University's president in 2001 and blocked any investigation of his and Shleifer's devastation of Russia.

In 1993, while Professor Shleifer was gorging himself on Russian bonds and other loot, he co-authored with University of Chicago Booth School of Business "behavioral economist" Robert Vishny, a paper entitled "Corruption" (MIT Press), which explained how government corruption takes place, how people get away with it.

In 1994, Professors Shleifer and Vishny set up an asset management fund back in the United States, whose relationship to the Russia looting is unknown. Vishny runs the fund (LSV Asset Management) today, with $40 billion in managed assets.

Shleifer remains a wealthy Harvard professor; his wife is running the private equity operation from the 1990s; and Summers — rather than being in jail, runs America's economic policy, with his fellow "behavioral economists."