Pages

Pages

Monday, December 7, 2020

Wall Street has always been progressives' 'Big Bad.' But a new generation in the finance industry is starting to sound more like allies than enemies. — Alex Yablon

  • After decades of cheerleading for deficit reduction and lower government spending, Wall Street may be changing its tune.
  • Leading investment figures are interested in heterodox economics ideas like Modern Monetary Theory.
  • Younger analysts' experience of a weak recovery from the 2008 financial crisis have made many enthusiastic about fiscal stimulus and income redistribution as a means of jump-starting economic growth.
  • Alex Yablon is a Brooklyn-based journalist who writes about politics and policy.
  • This is an opinion column. The thoughts expressed are those of the author.
Business Insider — Opinion
Wall Street has always been progressives' 'Big Bad.' But a new generation in the finance industry is starting to sound more like allies than enemies.
Alex Yablon

2 comments: