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
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.
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.
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. 
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.
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? jeetheer.substack.com/p/larry-summer…
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