Fox Business editorially congruent with Larry Summers view on government policy of throwing people out of their housing during unprecedented COVID chaos…
And Summers has Biden’s ear on administration economic policy…
Prediction 2022: The left is going to have to increasingly go over to the Trump+ thing to get their views published…
Eviction ban rollback didn't result in 'vast wave' of filings, says Larry Summers https://t.co/aNC22BQMno
— FOX Business (@FoxBusiness) January 1, 2022
8 comments:
Can Larry Summers be fit into the liberal left?
He’s “neoliberal left”… so that includes liberals… “neoliberal” a Art Degree synthesis of what was their traditional “economic liberalism” with the Samuelson economics which features the moron “out of money!” reification of abstractions of the Accounting discipline…
iirc Summers is Samuelson nephew … nepotism, etc…
Here
https://krugman.blogs.nytimes.com/2009/12/14/samuelson-friedman-and-monetary-policy/
“ If the Reserve authorities buy government bonds in the open market and thereby swell bank reserves, the banks will not put these funds to work but will simply hold reserves.… In terms of the quantity theory of money, we may say that the velocity of circulation of money does not remain constant. “You can lead a horse to water, but you can’t make him drink.” You can force money on the system in exchange for government bonds, its close money substitute; but you can’t make the money circulate against new goods and new jobs. “
Reification of abstractions of the Accounting discipline… he thinks the figure of speech “money” is real and can be “held” and “circulate” … you can run out of it, etc… relies on figures of speech “you can lead a horse to water!” etc…
Unqualified…
Monetarist theory exists both on political left and right…
This Fox tweet is like the Venn diagram of the intersection of the two subsets…
Also this is the thesis that is WINNING the dialogue as we head into 2022 in the middle of an unprecedented viral pandemic…
SCARY!
MMT, along with sensible health policy, has lost the battle in the 'free market' of narratives.
Lets go Brandon!
I would not be surprised if Larry Summers was on of those Jeffrey Epstein plane rides.
And, re. Alan Dershowitz: He says he never (ever) took took off his underwear while receiving a massage at Epstein's estate. That goes a long way in defending his reputation I think.
And who is Brandon, again?
Stock car driver Brandon Brown is as famous as Alan Dershowitz's missing briefs.
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