2. Summers is still a professor & media spots like Washington Post op ed still open to him, but c'mon. Dude used to be Treasury Secretary & President of Harvard. He's never going to play in that league again.
-
-
Show this thread
-
3. Why will Summers no longer hold the type of high posts he once did? His Harvard presidency ended in faculty revolt over high-handedness & scandal. Obama era advice he gave is now widely seen (including by Summers himself) as too timid & helped slow post 2008 recovery.
Show this thread -
4. As
@BCAppelbaum documented in his fine book The Economists' Hour, in 1990s & later Summers specifically thwarted efforts to by Treasury staff & economists to fix lending and stop the housing bubble from getting out of control.pic.twitter.com/llJIilmOvq
Show this thread -
5. There are other reasons why neither Biden nor any other administration will ever again nominate Summers to a position of power. It's considered impolite to talk about in the media but it has to be a factor.pic.twitter.com/q5QY6pdg08
Show this thread -
6. Summers recent efforts to make himself a gatekeeper of economic discourse have to be seen in the light of his unemployability in the positions he once held. It's way to retain some status in shaping policy. I ask, does he deserve that gatekeeping role?https://jeetheer.substack.com/p/larry-summers-is-not-in-charge?r=bh54&utm_campaign=post&utm_medium=email …
Show this thread
End of conversation
New conversation -
-
-
Larry Summers’ stance on MMT is shared by most economists. And as far as I know he supported BBB.
- Show replies
New conversation -
-
-
I don't particularly share Summers obsession with MMT but honestly as an economic "theory" it's just repackaged left Keynesianism with the less popular (but still relevant) bits taken out
-
He's concerned with hyperinflation, and I think he (and many other economists) are right to be concerned.
- Show replies
New conversation -
-
-
I think Jordan Peterson’s recent piece about diversity in the Post is similar— in material terms, it’s not just about white men, it’s also a lament that Jungian clinical psychologists are no longer employable as academics.
-
Unstated, that there’s good evidence that it just doesn’t do anything.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.