The Tyranny of Zombie Economics in America
How a stubborn misreading of dead, classical economists -- combined with a hyper-partisan Republican Party -- haunts the U.S. economy
by Jared Bernstein
Sep 06, 2011
3 minutes
How a stubborn misreading of classical economists -- combined with a hyper-partisan Republican Party -- haunts the U.S. economy
The story of where we are is a story of the destructive ideas that guided us here. Bad ideas about how capitalism works--ideas that fail to describe how economies actually function--have combined with conservative politics to promote policies that stifle growth, redistribute what growth there is upward, skew our fiscal outlook, and handcuff our policy process.
We are like travelers who have followed a road map to a destination that
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