Who puts the lie to Republican pretense?
No no and no. That’s the wrong answer.
Republicans… the new catechism, as practiced by Republican policymakers for decades now, has amounted to little more than money printing and deficit finance — vulgar Keynesianism robed in the ideological vestments of the prosperous classes.
This approach has not simply made a mockery of traditional party ideals. It has also led to the serial financial bubbles and Wall Street depredations that have crippled our economy.
Depredations: plundering and pillaging and marauding. Who said Republicans are ‘robed in the ideological vestments of the prosperous classes‘? Reagan’s keynote Budget Director, David Stockman.
While reading his piece at the NYTimes, I think he’s trumpeting. He sells raw fix, a kitchen table simplicity he’s sold throughout his career. Perhaps not more wise but deeply disappointed. And oh so very much blame.
Stockman is gunslinging debt reduction by pricking Wall Street with 0.15% transaction taxes, perhaps to sell the grail of a universal flat tax.
I’ll stay with my opinion that tweaking rates along with ascetic retrenching merely satisfies zealots of balanced books, a loud reply to the sting of exploitation but narrow, and no more able to unwind our errors than the sloppy triumph of Reagan, our Robin Hood in reverse.
Voting belief has not been smooth and its era of opinion not very helpful. A gritty fix is upon us, a nifty trick of humanity, “What are the questions?” instead of “These are the answers.”
There might come something to gain from understanding not money’s theory but where the money went.