An academic thinks he was a republican?!?!?! Not just any academic, but a Harvard weenie?
Talk about someone who lost his compass. If you work in academia, you are left of left. And if you are at Harvard, you are left of left of left.
Mankiw needs to get off campus and outside of Boston to get his bearings. He has no clue.
And Sechel thinks the Dems have moved too far to the "right"???? Because a lot of registered democrats (like me!) think the party moved so far to the LEFT that I voted for Trump in protest.
Ah the ole right vs left argument. Lets delve into this a bit. Really its been about the uber wealthy ripping everybody else off. Privatize the gains and socialize the losses thru monetization and thru bailouts with ultra low interest rate loans. The upper 40% have not cared as long as thier assets climbed in value. I believe that dynamic is about to change. There has been almost zero anti monopoly efforts from both parties since the early 80's. With respect to foriegn policy Democratic neoliberalism has been a dramatic shift to the right. As it led to horribly costly continuous warfare cracks are appearing in the support for this policy with Trump actually easing off. With respect to economics the Republican party has actually been the party of deficits don't matter, "Cheney", and more attempts at getting the budget under control have occurred under Clinton and Obama than Bush and Trump. Both parties are very left of what I would call a fiscal policy center. Domestic policy with respect to our personal freedoms has become more authoritarian under both parties with both the left and the right slowly moving in the direction of a police state. Domestic Democratic social policy has gone uber left while the Republicans have moved closer to what used to be the center. Both parties have embraced "corporatism" or the absolute subservience to large corporations while at the same time being completely unsupportive or downright antagonistic to small business, a shift to sort of a right wing Mussolini's Italy.
The American two party system is meaningless, they're both bankster puppets and warmongers. If Mankiw announced he was switching his breakfast cereal from Shredded Wheat to Corn Flakes it would have more social import.
Has no one learned anything from the neocons changing parties the way most people change underwear? It's a broken system.
If you think that the Democrats are moving too far to the right then you are more than just a little out of touch.