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by icare_1er 1360 days ago
"Good for economies" does not mean much, and that's what distinguishes the left and the right.

Usually, the right-wing, and the "markets", agree on what is good for the economy. It is quite unique to see the "markets" disagree so strongly with "the right".

And it is also worth noting that it is quite rare to see left people use the view of Wall Street as an argument ! I remember many cases in Europe where socialists governement almost used it as an electoral argument that they would ignore "the markets" (or rating agencies) and not dictated their policy by what they said

2 comments

That sort of fantastical thinking is quite rare outside of fringe parties (left and right). The UK Labour party's spending plans in 2019 were fully costed exactly in order not to spook the markets. (Naturally that's not how the media portrayed the situation of course.)

Ignoring the markets hasn't been possible since Nixon ended the gold peg.

"I will never be ashamed of quoting a bad author as long as the line is good" – Seneca