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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Metacomet who wrote (95975)8/1/2008 12:02:48 AM
From: NOW  Read Replies (1) of 110194
 
"If surrounding yourself with mainstream economists is the only way of displaying your “economic credentials,” and hence of getting elected, it becomes fairly obvious that whoever gets elected will pursue some version of either plain vanilla-flavored centrist-conservatism, or plain vanilla-flavored centrist-liberalism. The state’s agenda will be dominated by mostly the same policies: NAFTA, GATT, the DMCA, and some “moderate and responsible” package of corporate welfare (er, excuse me, “tax incentives”). Our only hope for scaling back state capitalism through changes in state policy will lie, not in whether Tweedle Dum or Tweedle Dee controls the state, but in the barbarians who pressure it from outside.

The actual control of the state apparatus will alternate between the David Gergen wing of the Democratic Party and the David Gergen wing of the Republican Party. I, for one, do not welcome our old David Gergen overlords."
theartofthepossible.net
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