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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Thursday, September 9, 2021
Clint Ballinger — The Most Fatal Ailment
Part II of The Souls of the People series
What Clint describes in this post is highly correlated with the Powell Memo (1971), although the results did not become clearly visible until the Reagan presidency.
Hey Thanks Tom! Somehow I never even got to that (the post was getting long). I may scurry back and add a mention in since it is of course pivotal and important, so H/T to you for that. It really deserves a whole post on its own, the impact of think tanks and conscious, directed influence by corporations has been huge- I believe decisive.
It’s the dreaded “neoliberal conspiracy!” strikes again!
Those crafty “neoliberals!” … they all think we’re “out of money!” but don’t let that fool you…. yes they are still crafty enough to put together a multi decades long secret conspiracy to get all the wealth!
Hey Thanks Tom! Somehow I never even got to that (the post was getting long).
ReplyDeleteI may scurry back and add a mention in since it is of course pivotal and important, so H/T to you for that. It really deserves a whole post on its own, the impact of think tanks and conscious, directed influence by corporations has been huge- I believe decisive.
@ Clint
ReplyDelete🙏
That the top end of town benefited enormously, was a happy coincidence.
ReplyDeleteThe Wealth of Nature: Economics as if Survival Mattered with John Michael Greer
ReplyDeleteWhat economics pretends to be, versus what it is.
It’s the dreaded “neoliberal conspiracy!” strikes again!
ReplyDeleteThose crafty “neoliberals!” … they all think we’re “out of money!” but don’t let that fool you…. yes they are still crafty enough to put together a multi decades long secret conspiracy to get all the wealth!