People
Matt Stoller

Matt Stoller Quotes

Total quotes: 2

Matt Stoller

Birthname

Total quotes: 2

“In the late 1930s, the Federal Reserve Board refused to admit it was a government institution. So Patman convinced the District of Columbia’s government to threaten foreclosure of all Federal Reserve Board property; the Board quickly produced evidence that it was indeed part of the federal government.”

— Matt Stoller, How Democrats Killed Their Populist Soul

Tagged: Banking, Congress, Populism, The Democratic Party, Wright Patman

“In 1974, young liberals did not perceive financial power as a threat, having grown up in a world where banks and big business were largely kept under control. It was the government—through Vietnam, Nixon, and executive power—that organized the political spectrum.

By 1975, liberalism meant, as Carr put it, ‘where you were on issues like civil rights and the war in Vietnam.’ With the exception of a few new members, like Miller and Waxman, suspicion of finance as a part of liberalism had vanished.”

— Matt Stoller, How Democrats Killed Their Populist Soul

Tagged: Banking, Congress, Populism, The Democratic Party

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