Oh, my. Back in the 1990s the[Koch-controlled] Cato Institute had something called The Project on Social Security Privatization, which issued papers like this one from Martin Feldstein: Privatizing Social Security: The $10 Trillion Opportunity.Meanwhile, back at home base, Republicans on the financial crisis commission, perhaps taking a cue from Cato word purges, have voted to ban the words and phrases, "Wall Street,""shadow banking" & "deregulation" from the crisis report.
Then the right discovered that “privatization” polled badly. And suddenly, the term was a liberal plot — hey, we never said we’d do that.
Wait, it gets worse: Cato not only renamed its project, but it went back through the web site, trying to purge references to privatization.
I wasn't expecting much out of the report to begin with, when you have Brooksley Born as one of the members, but this nutty purging of words from a dopey report will put the report in the eyes of many as a solid analysis of the financial crisis, when it is simply a battle between different groups of interventionists.
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