RECOMMENDED READING
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.
Recommended Reading
New Collection: Return of the Fiscal Conservatives
American Compass has released a new collection taking on directly the most sacred Republican cow: tax policy.
The Curse of Voodoo Economics
Conservatives should favor limited government, not reflexive tax cuts
Reality is Forcing a Shift in America’s Tax And Spend Debate
US conservatives are moving away from the old orthodoxy on how to balance deficits and revenues.
