'backlash should not have been a surprise, least of all to economists.'
Hello! He really should have said something like: "This has hardly been a surprise to NYT economists, especially people like Paul Krugman, who doubtless have known for decades where this globalization juggernaut has been heading!" Something like that...
Gold standard, a red herring among red herrings, he gives much lip service to this faux, liberal economists', bogey....
Pretty soon, because of the new conservatism, any economist who touches it will now look like been blackened by the gold standard tar baby!
There will be people here who will declare a gold standard as a white racist plot!
Pretty soon, because of the new conservatism, any economist who touches it will now look like been blackened by the gold standard tar baby!
There will be people here who will declare a gold standard as a white racist plot!
Fractional reserve banking was always the real danger, in any money economy.
Now, quantitative easing (fiat printing) has been thrown in, on top of that...
Quantitative easing, and fractional (under capitalized) reserve banking, are each, by itself, frankly worse than a gold standard.
What does true populism look like?
Not Rodrik's populism of FDR... That was, frankly, American faux populism, a populism for the rising middle class, not for the common people.
True populism looks like the populism of the Gracchi, or of Marius, of Caesar, Jesus, Mussolini, or Hitler. That is true populism.
What does true populism look like?
Not Rodrik's populism of FDR... That was, frankly, American faux populism, a populism for the rising middle class, not for the common people.
True populism looks like the populism of the Gracchi, or of Marius, of Caesar, Jesus, Mussolini, or Hitler. That is true populism.
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