The Hoodoo about Varieties of Voodoo

Varieties of Voodoo by Paul Krugman February 19 2016, he writes;

"America’s two big political parties are very different from each other, and one difference involves the willingness to indulge economic fantasies." [Krugman Voodoo]

No We Democrats indulge in self flagellation and let the Cons use their not so "innocent frauds" to bully us around. We also have a habit of eating our own -- and letting the Cons, Con us. So we do their work for them.

As James K. Galbraith notes in his own rebuke:

"For the record, in case you're curious, I'm not tied to Professor Friedman in any way. But the powerful – such as Paul and yourselves – should be careful where you step." [Galbraith]

And it looks like a lot of folks have stepped in it.

Murray Rothbard March 2, 1926 – January 7, 1995

A Founder of the Modern Right Wing

In April of 2014 I wrote a blog entry on the Mt. Pelarin Society, but the figure who intrigued me at the moment was Murray Rothbard, who was tied to both Milton Friedman and Ludwig Von Mises, and who was a disciple of Ludwig Von Mises. Reading his various hagiographies I encountered narratives all over the place, but mostly they provided an image of a man who was incredibly influential with the right wing of this country.

Murray Rothbard from https://en.wikipedia.org/wiki/Murray_Rothbard

 

The Trouble with the Revolving Door

Elizabeth Warren released her report:

Rigged Justice: How Weak Enforcement Lets Corporate Offenders Off Easy."

In it she notes:

"The report, the first in an annual series on enforcement, highlights 20 of the most egregious civil and criminal cases during the past year in which federal settlements failed to require meaningful accountability to deter future wrongdoing and to protect taxpayers and families."