What did progressives expect?Touché
That Obama could simply roll into Washington and ignore the myriad forces arrayed against a liberal agenda? That conservatives, Republicans, moderate Democrats, and interested industry groups would simply go away or shut up? That Obama, through force of will and liberal coolness, could use his awesome rhetorical ju-jujitsu skills to flip the opposition and defeat nutty right-wingers and conservative politicians forever?
Unless you're a character in an Aaron Sorkin show, that's just not how national politics work.
Fixing the Fed’s Balance Sheet Requires a Market-Based Approach
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Balance sheet reform requires a return to a market-based system, not a
system that requires government interference with either the demand or
supply of res...
19 minutes ago



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