[lbo-talk] A liberal geek defense of Ron Paul

Steve Bruns sdbruns at telus.net
Fri Dec 30 14:33:19 PST 2011

Cullen Roche is a subscriber to the MMT/Chartalist brand of economic heterodoxy. He seems to think Krugman is trending that way, as well.


On 30-Dec-11, at 2:13 PM, Marv Gandall wrote:

> On 2011-12-30, at 2:11 PM, nathan tankus wrote:
>> Yves Smith isn't a marxist but she certainly isn't a liberal either.
>> she detests Obama and the democrats. she's done invaluable work
>> bringing up things like regulatory corruption and the despicable
>> practices in the foreclosure crisis among many other things.
> Yves Smith is part of the liberal intelligentsia which is very angry
> with Obama and the Democrats for their numerous concessions to the
> Republican right and failure to aggressively tackle the housing and
> financial crises. In fact, dissatisfaction with Obama goes beyond
> traditional liberals like Krugman, Stiglitz, and Reich and
> encompasses leftward-moving "independents" and even conservatives
> whose faith in neoclassical economics has been badly shaken by the
> financial crisis. Smith, the pen name of Susan Webber, is a
> management consultant with a Wall Street background, and she may
> belong to this cohort.I don't know enough about her political
> background. A couple of weeks ago, I linked to an article by Cullen
> Roche, an economist who blogs at Pragmatic Capitalism, where he
> described his disillusionment with conservative economic theory and
> embrace of a strongly heterodox school characterized by some as
> "Keynesianism on steroids." These folks have left Ron Paul behind,
> but their!
> thought is very much in flux, and it is not clear where they, like
> many who identify with the Occupy movement, will evolve politically.
> I can't recall a time when the two major parties were as held in
> such low esteem as they are now.
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