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
A Harvard Econ Prof Comes to Bury, Not Praise, His Profession
A roundup from Oren Cass about what you should be reading from across the web over the last week to better understand America
U.S. Union Members And Leaders Are Not Always On The Same Page
The data behind the Teamstersā refusal to endorse a candidate may be more widespread than we think
The End of Job Growth
Declining fertility is already harming the labor market
