Wednesday, May 11, 2011

This is the Political Economy of our Founding

link here to article

Our founding was a test bed of political economy. There was little agreement between powerful founders, and between the various regions. Almost all of the disagreements were about economic issues and the level of democracy and income equality to which our country should aspire. Economics has been expunged from the history that most Americans are taught , and it plays little role in the way economics is taught because it pretends to be a "positive" science. We pay a price for ignorance. It is far costlier than the cost of providing education. What we see in the Tea Party today is an attempt to educate populists on a particular view of political economy as the intent of our founding fathers who had difficulty agreeing on that direction for the country. They believe the movement to be leaderless but it is being molded to serve the interests of those who not share their economic interests.

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