Wall Street moves to the left (again)
Timothy P. Carney
“A funny thing has happened within the world of Big Money,” writes Alex Yablon at
Business Insider: “a small but growing number of finance professionals have begun talking like leftists.”
“Weird Left Finance Twitter” is the focus of this piece, and it’s an interesting phenomenon -- left-wing economists who have the ears of traders and all talk about Polish economist Michal Kalecki.
But the premise here is a bit hoary. It’s a stretch to cast Wall Street as the longtime archenemy of the Left that is just now finding a fondness for Big Government. Specifically, Left Finance World supports more federal spending that is not “paid for” by tax hikes — larger federal deficits, that is. And this is not at odds with Wall Street's preference.