If conservatives no longer take free markets seriously, why should liberals?
Jamie Galbraith in the Predator State:
Galbraith follows with an impertinent question: if conservatives no longer take free markets seriously, why should liberals? Why keep liberal thought in the straitjacket of pay-as-you-go, of assigning inflation control to the Federal Reserve, of attempting to “make markets work”? Why not build a new economic policy based on what is really happening in this country?
Update: hat tip Movie Guy on Galbraith’s latest in the Washington Independent.