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.

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2 comments:

  1. TofuNFiatRGood4U19 February 2016 at 23:38

    Magpie,

    This is a wonderful pointer--thanks.

    I don't spend enough time reading your material (partly b/c I am time-poor). But I appreciate the availability of it if/when the day comes.

    Tofu

    ReplyDelete
  2. Magpie20 February 2016 at 15:41

    I'm glad you enjoyed it.

    ReplyDelete

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