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Brad DeLong's Grasping Reality 2019-09-11 00:16:39

Summary:
Comment of the Day: Ebenezer Scrooge: "I don't see it. The various wings of the Republican Party, ever since Nixon, have always been a coalition of losers from the democratic process who realized that they can each win in their respective sphere if they just gang up with the other losers. They never have any respect for the others' spheres. The neocons always knew their allies were evil plutocrats, racists, and Talibans. The Talibans always knew their allies were godless plutocrats and Jews. (Some Talibans are racists: others are not.) The racists always knew their allies were godbags, moneybags, and big beautiful mosaic types. But each of these groups knew that they needed the others to get their own goals. And they still know it. On this backdrop, the squabbles of a few intellectuals

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Comment of the Day: Ebenezer Scrooge: "I don't see it. The various wings of the Republican Party, ever since Nixon, have always been a coalition of losers from the democratic process who realized that they can each win in their respective sphere if they just gang up with the other losers. They never have any respect for the others' spheres. The neocons always knew their allies were evil plutocrats, racists, and Talibans. The Talibans always knew their allies were godless plutocrats and Jews. (Some Talibans are racists: others are not.) The racists always knew their allies were godbags, moneybags, and big beautiful mosaic types. But each of these groups knew that they needed the others to get their own goals. And they still know it. On this backdrop, the squabbles of a few intellectuals are irrelevant...

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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