Matt Stoller rebuts his critics

[ProSense]

8. Well

"Stoller & GG are right about the illiberal ends of the modern economy. Krugman is right that the Austrian School and paleoconservatives such as Paul offer no realistic alternative as to the means of running a modern state financial system."

...I don't think the two are right. They're taking a problem associated with people and failed policies, including the lack of oversight, and attributing it to a structural one. The FDIC isn't a failed idea because the banks are too big to fail or because Glass-Steagall was repealed.

"You have not made your case in your accusation that Stoller and GG are Paulists simply because they employ a libertarian critique of the ends of state finance embraced by Obama, Geithner and the other neoWilsonian Institutionalists running the federal government, which is an essentially reactionary and upwardly distributive system that disproportionately benefits the One Percent."

Good grief, ignoring the arguments, doesn't mean they weren't made. I repeat: "Ron Paul is just another corporate tool, end the Fed and eliminate corporate taxes, keep oil subsidies and tax breaks for companies that ship jobs overseas, and agree to whatever else is in Grover Norquist's pledge"

As to the larger point of libertarianism, it doesn't work: http://www.democraticunderground.com/100287685

To quote:

People like Stoller ask others to ponder ridiculous hypothetical choices: civil rights vs. the drug war. They don't consider the real impact of choosing the latter over the former because all is fair in theory.

They don't consider the despair associated with an ideology that has "nothing to do with creating a more socially just and equitable society." All that matters is their phony progressive postulating that Democrats are the bad guys and the cause of everything wrong with the country. They ask you to overlook the Republicans' flaws and lunacy, either by creating false equivalencies or by claiming that Democrats haven't done enough to change things for the better.

If the likes of Paul were to create the kind of society he envisions, what would Stoller do? Where would he fit in? Where would blacks, gays and the poor fit in? How would the lives ruined compare to expanding "healthcare to children"?