Not even Paul Krugman is a real Keynesian: Economists Lance Taylor and Duncan Foley of the New School argue that John Maynard Keynes’s insights have yet to go mainstream. What is the matter with Wall Street: Why do wealthy investors vote for Republicans against their self-interest? John Galt hates Ben Bernanke: Leading Republicans didn’t just expect a disaster, they wanted one — after all, what is Atlas Shrugged really about? Republicans have an economic strategy from the ’90s — the 1890s. Is it inequality or mobility? Neither economists nor GOP candidates can decide. Noam Scheiber on how 2016 hopefuls and the wealthy are aligned on inequality. Democrats finally seem to be standing up to antigovernment propaganda and recognizing the reality that there are some things the government does better than the private sector. The introduction to The Reconnection Agenda: Reuniting Growth and Prosperity by Jared Bernstein. OK, it’s not Laffer’s curve or Pollack’s investment, but Jared Bernstein’s version of the progressive agenda fits on a little bag. Here’s the liberal plan to save the middle class. Adam Ozimek on how the new liberal consensus is a force to be reckoned with. Ari Rabin-Havt on how Bernie Sanders, in new role, could make Wall Streeters very, very unhappy. Amitai Etzioni on the Left's unpopular populism: Elizabeth Warren and her Democratic allies should not fool themselves into thinking that Americans who are angry at elites and corporations also favor wealth redistribution. John Cassidy on Obama’s well-earned victory lap on the economy.
