ITWASSOOTED: If you want to blame an economic school, the monetarists and the Chicago school are more appropriate.

Friday, February 13, 2009

If you want to blame an economic school, the monetarists and the Chicago school are more appropriate.

But ultimately it's about authoritarianism and nepotism; corporate lobbyists and politicians pick and choose the specific pieces of theory that suit them, shifting back and forth between Keynsianism and Monetarism suits them fine, socializing losses and privatizing profits.
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