Rob Urie — QE, Debt and the Myth of a Liberal Left

The economic mythology regarding national accounts, bank money and who benefits from monetary policy is designed to sell a program that the economic right fully supports. The myth of a ‘liberal left’ has what George W. Bush dubbed ‘compassionate conservatives’ occupying chairs in national debate to assure that only arguments that serve the status quo are put forward. The economic programs of liberal Presidents Bill Clinton and Barack Obama (and Jimmy Carter) are wholly of this economic right. That they appear as anything else is testament to the power of the mythology.

Counterpunch
QE, Debt and the Myth of a Liberal Left
Rob Urie