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Bill Black — How Democratic Party Mendacity about Deficits and Banksters Lifted Trump

Summary:
Stephanie Kelton and I have been trying hard to keep Democrats from, again, rushing into the trap of denouncing Republicans for running federal deficits. Yes, Republicans are hypocrites about debt and deficits. That does not mean that Democrats should repeat Clinton and Obama’s embrace of the Republican’s economically illiterate, harmful, and fake hysteria about debt and deficits.... In general, good government is good politics. The Democrats should focus on adopting and supporting superior policies that are humane and supported by good science.... New Economic PerspectivesHow Democratic Party Mendacity about Deficits and Banksters Lifted TrumpWilliam K. Black | Associate Professor of Economics and Law, UMKC

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Stephanie Kelton and I have been trying hard to keep Democrats from, again, rushing into the trap of denouncing Republicans for running federal deficits. Yes, Republicans are hypocrites about debt and deficits. That does not mean that Democrats should repeat Clinton and Obama’s embrace of the Republican’s economically illiterate, harmful, and fake hysteria about debt and deficits....
In general, good government is good politics. The Democrats should focus on adopting and supporting superior policies that are humane and supported by good science....
New Economic Perspectives
How Democratic Party Mendacity about Deficits and Banksters Lifted TrumpWilliam K. Black | Associate Professor of Economics and Law, UMKC
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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