Sunday, March 31, 2013

The modern Keynesian state.

The modern Keynesian state is broke, paralyzed and mired in empty ritual incantations about stimulating “demand,” even as it fosters a mutant crony capitalism that periodically lavishes the top 1 percent with speculative windfalls.
"State-Wrecked: The Corruption of Capitalism in America." By David A. Stockman. New York Times, 3/31/13

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