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View Diary: "Revenge of the Reality-Based Community": must-read article by ex-GOP partisan Bruce Bartlett (157 comments)

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  •  Banks issue home mortgages. Cons like Keynes fine. (3+ / 0-)

    They just don't want to cop to it, because in a world where Keynes WAS discredited, there'd be no credit. Ever.

    You couldn't charge an interest rate high enough to cover the economic loss of deficit spending...in that world.

    In other words, the "Keynesian" tag thrown in that snarly way by the right has nothing to do with economics and more to do with unconscious allergic reaction to the existence of public institutions. Again.

    Because, freedom. And stuff.

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