Keynesian Spirits



What is the difference between Democrats & Republicans?

From Paul Krugman:

There was an old Washingtoon, probably from the mid-1980s, in which Democrats meet to plan their new centrist strategy — which consists of tax cuts for the rich, reduced spending on the needy, and big defense budgets. “But how is this different from the Republicans?” asks one member of the group. “Compassion,” replies the leader. “We care about the victims of our policies.”

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