By James Kwak
After Simon’s book with Jon Gruber earlier this year, it’s my turn to release a book. Take Back Our Party: Restoring the Democratic Legacy is now available starting today at The American Prospect. Actually, today the introduction is available. The remaining chapters will be released between now and Wednesday next week. As David Dayen (executive editor of the Prospect) said, now that we’re in the Second Gilded Age, we’re adopting one of the publishing models of the First Gilded Age: serialization in a magazine.
The book is a political sequel to Economism. The basic argument is that the Democratic Party has been taken over by market-oriented centrists who think that effective management of private sector markets is the best way to help ordinary people (think of welfare reform, financial deregulation, Obamacare, etc.); that they have failed, both as policy and as politics; and that the party should adopt an economic platform dedicated to ensuring that all people have the basic necessities of life in the twenty-first century, including healthcare, pre-K through college education, affordable housing, and adequate retirement income.
Enjoy!
The Baseline Scenario 
For myself, you’re preaching to the choir. But I’ll check it out.
Great. I will read it. That said, again I must take exception to the term “financial deregulation”. The introduction of risk weighted bank capital requirements, that so much is dangerously distorting the allocation of credit to the real economy, is nothing but an extremely intrusive missregulation.
http://subprimeregulations.blogspot.com/2019/07/risk-weights-are-to-access-to-credit.html
Math is so confusing in the Majik Kingdom – $3 trillion, and counting, with a flcik of the finger funding the repo market since September 2019, while 12 inches of plastic “garbage” is covering the planet that no one “owns”…