In 2006, journalist Christopher Hayes wrote a little-noticed article for In These Times magazine about a proposal in Oregon to crack down on predatory lending. The initiative had become so popular that conservative legislators supported it fearing that if it were put on the state's ballot, the resulting gusher of grassroots support would not only ratify the measure, but depose the bank-allied Republican Party, too.

Hayes' piece was titled "Economic Populism Proves Popular," t ...

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