Steve Randy Waldman @interfluidity.com · Mar 30 extraordinarily Keynes predicted the calamities, not as an outgrowth of economic liberalism per se, but as an outgrowth of unsupportable indebtedness. ICU is fundamentally about preventing dangerous indebtedness that emerges under liberalism absent regulation. www.gutenberg.org/cache/epub/1...
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in the General Theory, written before the full, um, bloom of fascism, during the depression, Keynes is pretty clear that his project is to rescue what was good from the optimistic liberalism of his — now our! — youths 1/
Very neat (and ties to the argument @sameyler.bsky.social was making earlier).