Jun

12

Clintonite hackademic Brad DeLong on folks who disagree with the the nanny state:

The neoclassical economics toolkit makes you a smarter, stronger, more powerful, more effective, more reality-based leftie. By contrast, the neoclassical toolkit can be absolute poison for people right on center. It functions like a kind of crack, reducing their arguments to empty slogans: "the market takes care of that"; "acts of capitalism between consenting adults"; "they hired the money, didn't they?"; "it's not the government's, it's theirs." People right-of-center should be exposed to the neoclassical economics toolkit only after posting a $1M bond to cover collateral damage, and only under the supervision of trained professionals.


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