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The Republican Party has drifted toward a market fundamentalism in which freer markets and bigger tax cuts are the answer to every question. Pennsylvania Sen. Pat Toomey recently declared that “capitalism is nothing more than economic freedom.” And former US Ambassador to the UN Nikki Haley tweeted that “as we are dealing with changes in our economy, tax cuts are always a good idea.”
This is not conservative in any meaningful sense of the word. Conservatives value economic freedom, absolutely, but a well-functioning economy is a means to the greater ends of strong families, stable communities and a flourishing nation under limited government.
Markets are wonderful, but they only solve some problems. And, sometimes, they are the problem.
Contrary to Toomey’s assertion, conservatives recognize that capitalism only works when legal rules and a moral culture channel the pursuit of profit toward advancing the common good.
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Trade Deals in the Time of Tariffs
The reciprocal levies aimed at allies have been paused for 90 days, now what?
Trump’s tariffs aim to reset global trade — and boost America’s workers
President Trump ushered in a new era of US trade policy Tuesday — a national course correction after decades of unfair trade practices
Stop Freaking Out. Trump’s Tariffs Can Still Work.
Last week’s “Liberation Day” marked a kind of D-Day in the effort to reorder the international economic system.
