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This is something that s interesting is people that are like yourself that are making the case for kind of a macro economics, keynesian 101, demand stimulus, things like that have been relegated to the margins of the very serious people debate in the beltway and it becomes a political question ultimately, right, the kind of policy question is fairly clear, from where you stand and where i stand so why is there then the gap between macro economics 101 and what policy-makers in washington talk about? i think there s two things going on. one of which both of which are odd and disturbing but one is sort of grand and one is sort of petty and in some ways the petty may be more important. so the grand thing is washington has been dominated by 30 years by a right wing establishment whose goal is very much to cut back on roll back the great society and the new deal, roll back social security, medicare and medicaid and from their point of view, all of this crisis is an opportunity. ....
Kind of odd unorthodox noejices. that is not what people in dc hear. it s not just that they don t except it. for the most parnlt they haven t heard about it. maybe the budget deficit is not a problem. it s barely in the washington discourse and because i m still in touch, i m really sort of out of it. why is there that distance? this is something that i think that s interesting is that, you know, people that are like like yourself that are making the case for a kind of mackerel economics, keynesian 101, have been relative to it and then it become this political question ultimately, right? the kind of policy question is fairly clear, at least from where you stand and from where i stand, so why is there the gap between mackerel economics 101 and what policy makers talk about? i think there are two things going on. one of which both of which are odd and disturbing. ....