Joseph H Sadove
2 min readNov 24, 2020

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Sadly, you are a very confused person. Sadly, because I probably agree with you a lot on policy. But your ideas about the Fed are from some where out of something worse than "Neoliberalism" (which is still pretty amorphous despite the main article's attempt to de-amorphize it): Libertarianism. Nothing ambiguous about them.

Neoliberalism is well described by Wikipedia. Multi-evolved and slowly congealing into something that is useless as a term.

Your problem is the same as most Americans: a nation of navel-gazers with hothouses in their heads.

They merely need to lift their heads and look at what works elsewhere rather than believing that they can pull answers from the asses.

Germany is the most successful socialist economy on earth. But the catch-all navel view that flings around "Neoliberalism" can't see that.

Americans grasp for a single solution, a single viewpoint, a single term that will give them a nice intellectually easy and easily digestible target.

Denmark is sometimes pointed to as a model for USA. No. Size and other factors matter. Are there lessons for us? Yes. Same with Sweden, Austria, Netherlands, France, Canada, etc. But all the factors have to be compared. The best example is medical care. Single-payer systems don't work after a certain size. Hence, systems like Germany which mix and match and underpin the whole system with fairness, means-testing, and equality of service are better examples. Read Uwe Reinhardt on this subject.

Americans have the largest and most complicated country of all western liberal democracies. And we have a political system that is massively overdue for a fundamental overhaul.

But please stop with the coinages. Look at what works out there and what doesn't in the rest of the world and start to learn. Pull the gaze from your navels.

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