this post was submitted on 05 Jan 2024
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Yeah there's that, then there's this:
https://en.wikipedia.org/wiki/Military_budget_of_the_United_States#/media/File:U.S_-_China_-_Russia,_Military_Spending.svg
There is also a lobbying effort behind it. We can't ignore that economists continue to argue for bank bailouts and against welfare programs.
Economists that mainstream media chooses to focus on, that is
I don't think so. Seen a bunch of studies on it and pretty much no economist backs student loan amnesty while all of them backed the bank bailouts.
Even sent a few emails out to a few and they all confirmed that they did hold these two positions.
Plus you have an entire lobbying company that provides rent-economists for subcommittee hearings. You pay them, they get an economist to testify under oath that the policy you want is the best policy.
I haven't a fuck to give about the opinion of some Ivy-leaguer whose entire inheritance depends on the status quo and stealing the labor of the working classes.