The future for Democrats: "market making" vs. "market taking"
a couple of weeks ago I recommended Rick Perlstein's great little book, The Stock Ticker and the SuperJumbo. This is a very important essay that follows on all Rick learned while writing his great book on Goldwater.
Now Henry Brighouse of Crooked Timber offers his analysis of the true value of Rick's argument. It's well worth reading. The comments trail is especially good. Rick is among the responders.
Here is Matt Yglesias' response to Henry's essay. It's also pretty damn brilliant.
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