As Stephanie intimates, this is the politics of fear, pure and simple. It's the same hyper-emotional politics that is depriving Americans of their constitutional liberties in the name of fighting drugs, and terror, and undermining their future in the name of preventing US bankruptcy.
It's carefully crafted, well-financed, and ruthless. And Stephanie is right, they are winning, with leaders of both parties in the tank and the leadership of the left clueless and resistant to learning there might be a better way. Lookin' bad not only on the economic front but also on the social and political front as well. This is not going to end well for America.
New Economic Perspectives
Pete Peterson Has Won
Stephanie Kelton | Associate Professor of Economics at the University of Missouri-Kansas City and Director of Graduate Student Research at the Center for Full Employment and Price Stability