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Chicago school

Thoughts on Neoconservatism and Neoliberalism

I got to thinking today about how neocon and neoliberal are becoming interchangeable terms. They did not start out that way. My understanding is they are ways of rationalizing breaks with traditional conservatism and liberalism. Standard conservatism was fairly isolationist. Conservatism's embrace of the Cold War put it at odds with this tendency. This was partially resolved by accepting the Cold War as a military necessity despite its international commitments but limiting civilian programs like foreign aid outside this context and rejecting the concept of nation building altogether. Read below the fold...

Is Bernanke an MMTer?

Correct me if I'm wrong, but Bernanke's testimony here sounds like MMT to me ((h/t Naked Capitalism) Read below the fold...

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