An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, November 3, 2011
It's getting ugly out there.
As economic contraction intensifies leaving millions without work or means of support, and as governments continue with their brutal austerity and wealth transfers to the rich, the protests are becoming violent.
I checked out the OWS forum this morning, and I am heartened to see that there is nearly universal disgust over the violence, as well as an increasing volume of calls for better message clarity and organization, along with growing disillusionment with the omnipresent anarchist themes of radical decentralization and disorganization in decision-making.
Revolution or the ballot box, the choice is clear. Either get organized as a political movement or get ready to be squashed along with the anarchists. Or go home.
Yeah, that Jon Chait piece makes a pretty strong case for Romney. The Republican worldview is that business aren’t hiring because they think their profits are threatened by new regulations and future tax hikes. The Keynesian worldview is that they’re not hiring because there’s not enough consumer demand. Romney has endorsed the demand explanation...
Romney’s secret Keynesian shame has not, so far, hurt him in the Republican nominating primary... And I’d bet the Republican opposition to stimulus would melt away under a Romney presidency... In other words, the best short-term hope for the unemployed may be a Mitt Romney presidency.
I checked out the OWS forum this morning, and I am heartened to see that there is nearly universal disgust over the violence, as well as an increasing volume of calls for better message clarity and organization, along with growing disillusionment with the omnipresent anarchist themes of radical decentralization and disorganization in decision-making.
ReplyDeleteRevolution or the ballot box, the choice is clear. Either get organized as a political movement or get ready to be squashed along with the anarchists. Or go home.
ReplyDeleteWho should we vote for at the ballot box?
ReplyDeleteRomney for now...
ReplyDeleteTo follow up from Beowulf:
ReplyDeletehttp://nymag.com/daily/intel/2011/09/is_mitt_romney_a_keynesian.html
Resp,
Who?
ReplyDeleteVote for Hu Jintao please - he will fix your problems.
Yeah, that Jon Chait piece makes a pretty strong case for Romney.
ReplyDeleteThe Republican worldview is that business aren’t hiring because they think their profits are threatened by new regulations and future tax hikes. The Keynesian worldview is that they’re not hiring because there’s not enough consumer demand. Romney has endorsed the demand explanation...
Romney’s secret Keynesian shame has not, so far, hurt him in the Republican nominating primary... And I’d bet the Republican opposition to stimulus would melt away under a Romney presidency...
In other words, the best short-term hope for the unemployed may be a Mitt Romney presidency.
i could not vote for someone who thinks corporations are more important than individuals (human beings)it would be a cold day in hell.
ReplyDeleteDave,
ReplyDeleteNeither could I....
Resp,