Display:
"For a generation, most people accepted the idea that the core of what makes America tick was an economy governed by free markets."

Uh, no. FDR's changes during the 1930s were counted as socialism by quite a few people, and the situation then was much worse than it is now...

by asdf on Thu Jul 17th, 2008 at 01:03:01 AM EST
[ Parent ]
He's talking about the domination of Reaganomics and the neoclassical marginalist consensus over the past 30 years.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Thu Jul 17th, 2008 at 08:12:21 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series