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b_b · 4041 days ago · link · · parent · post: State-Wrecked: The Corruption of Capitalism in America
A huge part of the problem is that Keynesians only exist in the academy, not in the Capitol. Keynes argued for anti-cyclic spending. What we have is bloat that can't really be expanded on too much in times of need, and is never cut in times of excess. These problems can be solved, but not without some serious changes to regulatory rules. Replacing Glass-Steagall would be a good first step, but we all know that is a fantasy.