Thomas Friedman has written two columns advising Hillary Clinton to renounce her campaign promises and the Democratic Party’s platform and move to the right of the Republican Party on economic issues. My first column in this series critiqued the centerpiece of his plea to her – deregulate banking.
This column discusses Friedman’s economic assumption, which he probably does not understand he was making, that is (a) false and (b) dangerous. Friedman doesn’t cite it as an economic assumption. Instead, he makes a systems theory assertion without even trying to explain why it would be applicable to his proposed sharp move to the right on economic policies.Naked Capitalism
Bill Black: Thomas Friedman Wants A “Center-Left” Democratic Party Based on Austrian Economic Myths
See also
Grasping Reality
The Heritage Foundation, the Club for Growth, and Stephen Moore Have No Principles Whatsoever. Why Do You Ask?
Brad DeLong | Professor of Economics, UCAL Berkeley
1 comment:
Wow. That Mr. Black is literally the sharpest knife in the drawer. You can always blame those pesky fiat money bubbles on the Austrians. I guess he told us.
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