William K. Black — Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically

No, we need to return to non-simplistic, real economics, and stop spreading simplistic myths about money and federal deficits spread by Wall Street vultures eager to profit from the destruction of the safety net.

This is what Bernie should be saying.

I am not so sure that the Democrats are as guilty of playing politics as Bill is. I would say that they are simply financially and economically illiterate — morons rather than manipulators. They have bought into all the myths and associated shibboleths.

New Economic Perspectives
Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically
William K. Black | Associate Professor of Economics and Law, UMKC