Friday, March 09, 2012

Keynan Socialism is Progressive.

Simon Johnson on the Cato putsch:
"In historical terms, Professors Acemoglu and Robinson see the progressive era at the beginning of the 20th century, including the development of countervailing power for the government against powerful private business interests, as an essential part of what has gone right in the United States of America."
(via Thoma)

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