Greetings Economists,
On Oct 21, 2008, at 8:35 AM, Jim Devine wrote:
I wish. But the market fundamentalists can claim that the problem was
that we didn't go far enough down their primrose path. I bet someone
is saying: the problem is that we didn't go over to the gold
standard...
Doyle;
Stiglitz implies that neo-liberalism is dead, not that market
fundamentalist have changed their minds. I think that can be and will
be argued over for awhile until events prove a reformist era has taken
hold.
I do not think there is any chance of a reversion to market orthodoxy
will happen anytime soon. The right will by necessity pull back and
come up with a different sort of stance to globalist ambitions of the
U.S. The defeat of the reformist might be some of their aim. But
they would not use market orthodoxy in their campaigns. No do I think
the reformist are invulnerable. What I do think is U.S. power is
vulnerable and the right will shift.
thanks,
Doyle Saylor
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