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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Friday, October 26, 2012
Simon Wren-Lewis — A political economy argument for economic policy delegation
Good idea or throwing democracy under the bus? Looks like the later to me.
If these people want to propose Technical Autocracy as a replacement for Representative Democracy then they should be up front about it.
ReplyDeleteThose who control the purse strings control the country.
This is the same core argument that Bob Roddis makes here imo perhaps tho in an academic wrapper. ... rsp
ReplyDeleteSome kind of a Star Chamber maybe…
ReplyDelete