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.
As I read the article, I was thinking the very same thing, Neil. When the left leaning come up with an audacious plan that actually changes the paradigm, the overton window will have shifted. Simply admitting failure because of ideology, doesn't mean core bias and values that will be used to drive policy have changed. Economically, at least, Obama and Clegg are at least as conservative as Reagan and Thatcher and their policies are a product of what leading economists cobbled together to please voters.
He is writing for Bloomberg after all, where anything left of laissez-faire and TINA is assume as being radical left. Chicago School territory, you know.
3 comments:
Has it. Or is it just that the rhetoric has and the left leaning parties are now occupying the position that Reagan and Thatcher did.
It seems to me that the left has moved right and the actual absolute position hasn't changed at all.
As I read the article, I was thinking the very same thing, Neil. When the left leaning come up with an audacious plan that actually changes the paradigm, the overton window will have shifted. Simply admitting failure because of ideology, doesn't mean core bias and values that will be used to drive policy have changed. Economically, at least, Obama and Clegg are at least as conservative as Reagan and Thatcher and their policies are a product of what leading economists cobbled together to please voters.
He is writing for Bloomberg after all, where anything left of laissez-faire and TINA is assume as being radical left. Chicago School territory, you know.
Post a Comment