1. If you are looking or signs of progress, then one heartening fact is that for the first time in 4 decades there is a Democratic administration that is willing to ignore Larry Summers.
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4. Summers ostracizing to the land of cranky op-ed writers was a hard won victory. He was in fact advising Biden in 2020 until progressives raised an outcry. After that, he tried to seed Biden campaign with his acolytes. Like Freddy Krueger he never gives up.
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5. Look, I understand Summers' plight. It's hard to admit you've been dispatched to the dustbin of history. But it's also hard to get warnings that the economy is overheating (i.e. unemployment too low & wages rising too fast) from some like Summers (seat at right end here).pic.twitter.com/QTmRx88riC
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6. Beyond his past record, Summers' latest intervention doesn't even make much sense as economic advice. More here:https://www.thenation.com/article/economy/larry-summers-stimulus-neoliberalism/ …
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End of conversation
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Should have listened to women, especially the women faculty & students at Harvard all those years ago, well before this.
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My first notice of Summers was this memo in 1991 where he wrote “‘Dirty’ Industries: Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Least Developed Countries]?”https://en.wikipedia.org/wiki/Summers_memo …
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