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Mike Moschos's avatar

During the early twentieth century and well into the New Deal Era in America, there were roughly two kinds of Progressives: Populist Progressives and Technocratic Progressives. The "pops" won quite a few battles. One of their most significant victories, especially given the vast opposition against them, was the banking regulatory regime known as Glass-Steagall. It was revealing in 2009 that the Democrats of our era so easily overshadowed those who wanted to return to such a system and instead implemented what the Technocratic Progs of the 30s desired: a sprawling web of bureaucracy with complicated ("interpretable") rules that didn't fix the core issues, but instead boosted the Big Banks' power and size while creating numerous job opportunities for bureaucrats, lawyers, and consultants.

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Malenkiy Scot's avatar

In an unrelated development, I see that you recommended this post: https://slavlandchronicles.substack.com/p/lets-take-a-look-at-the-face-of-ukraine

I find it a bit weird, to put it mildly. What in particular do you recommend about it?

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