For a generation, when Lawrence Summers talked, politicians listened. As a powerful and trusted adviser to the last two Democratic presidents, the Harvard professor held sway throughout the Treasury Department and White House. But this March, he started singing a very different tune. In an interview with Bloomberg, he sputtered that President Joe Biden had crafted “the least responsible macroeconomic policies we’ve had in the last 40 years.”His criticisms have drawn a fervent response from Jared Bernstein, a Democratic administration official who sits on the Council of Economic Advisers. Summers is “just wrong,” Bernstein said from the White House briefing podium. “He is wrong in a pretty pr
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