I remember when Deng Xiaoping toured the US back in the 80s.
It was like the second coming of The Beatles.
Ben Bernanke largely undercut any philosophical debate about the isms, be it capitalism or socialism or communism.
There was a time when the debate had some measure of purity. But now Bernanke has exposed the reality that it’s all about that substance that is created from nothingness — Fiat money.
How can there be any debate about how a substance that comes effortlessly from nothing is distributed? You can just create more of it if your particular ideology of the moment isn’t creating the result that you want.