“I don’t consider Larry Summers a serious economist,” Armey said. “You can get a Ph.D. from Harvard without ever having seriously considered the subject.”
Now some of the things Larry Summers has said over the past year have been puzzling. It doesn’t appear like Obama has a strong economic head on his shoulders and Summers’ standing has taken a beating. That aside, it’s ridiculous to say that a Ph.D from Harvard is meaningless.