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George F. Will (1983)
Today’s conservatives are apt to insist that the great virtue of their economic doctrine is that it separates politics and the economy. But if economic policy is not politics—the authoritative assignment of social values—then what is it?Return to the Commons
Only the Rich Can Play: How Washington Works in the New Gilded Age, by David Wessel (PublicAffairs, 352 pp., $14.99) The rapper T.I. may never have read Kevin Williamson’s infamous suggestion that struggling communities need “real opportunity, which means that they need real change, which means that they need U-Haul,” but he is clearly […]
Paul Krugman famously called the federal government “an insurance company with an army.” In this, unlike most things, he is not entirely wrong. When it comes to domestic policy, the lion’s share of government spending is social insurance payments (Medicare, Social Security, the SSDI disability program, unemployment insurance) and social assistance via the safety net […]