1. Larry Summers intervention in recent public debates (inflation, BBB, MMT) has to be understood in material grounds: in terms of the positions he once enjoyed in the world, Summers is now unemployable.https://twitter.com/LHSummers/status/1490424193611141121 …
-
-
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 -
-
-
His eligibility for that kind of leadership expired the day he argued in a public forum that girls aren’t good at math.
-
Yeah, if you screw up your high-profile job badly enough that The Simpsons does an entire episode in which Principal Skinner = You, you should probably just hang it up.
- Show replies
New conversation -
-
-
Yeah, however, stopped clocks, etc., and so forth.
-
Yeah, not sure if Jeet is saying that MMT should be taken seriously. At this point, it's hard to see that case
- Show replies
New conversation -
-
-
Serious question: why doesn't he go abroad? Even with all the very good reasons he's unwelcome in polite society in the US, he's still a former treasury secretary and former president of Harvard. I'm sure he'd be given some really kushy job in many places in the world.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
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.