Friday 19 February 2016
But the Powerful Should be Careful.
James K. Galbraith (Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government, Lyndon B. Johnson School of Public Affairs, The University of Texas) has penned a reply to the letter liberal economists Alan Krueger, Austan Goolbee, Christina Romer, and Laura D'Andrea Tyson wrote accusing the Bernie Sanders campaign and Prof. Gerald Friedman of voodoo economics (h/t The Philosopher's Stone).
It's a powerful, eloquent letter and I really recommend its reading.
You don't need to remind me. Trust me: I know. Senator Sanders is more of a reformist than a Real McCoy socialist. Prof. Galbraith himself is a post Keynesian.
Still, Sanders and Jeremy Corbyn are the best we have for now and I really, profoundly, viscerally dislike liberal, wealthy, self-satisfied, arrogant bullies. It's nice to see someone tell them a couple of things.