Brad talks about his Socialist Banking philosophy. The central idea is that economists need Central banking so they can have socialist control and deny democracy.
Delong talks about Geitner, he might just want to talk about the Berkeley public policy institute. As I understand the institute, its purpose to to hire out of work progressive politicians and give them pensions on the back of California voters.
Both philosophies the same, imagine something then call it law by self delusion.
What is Brad's solution? The technocrat should be delusional enough to fake fairness, that is all, democracy be damned.
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