Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: TimF	8/25/2017 9:36:57 AM
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Selective Memory Arnold Kling The New Republic has a list of successful progressive reforms that conservatives opposed. It focuses on quotes from conservatives that today look bad. My guess is that one could comb through the back issues of their magazine and find quotes that are equally embarrassing. Just in case you were convinced by the list that progressives are always right, here are a few progressive visions that did not work out so well: --Roosevelt's National Recovery Administration cartels --New Deal policies to restrict farm output (which persist to this day) --"fine tuning" the economy in the 1960's and 1970's --wage-price guideposts and controls in the 60's and 70's --Carter-era energy policy --government aid programs for developing countries --welfare programs of the 1960's --just about anything done in the name of "affordable housing" If I were looking for embarrassing quotes from the left, I could start with "I have seen the future and it works." I could go on to quote Galbraith on the essential similarity between the planning done in the U.S. and Soviet economies (the only difference being that in the U.S. some of the technocrats work inside large corporations) and on the alleged importance of the entrepreneur being nothing but a myth. I could Krugman on the greatness of Enron (when he was on its Board) and on the overwhelming economy-wide significance of Enron's failure (when it collapsed)... econlog.econlib.org

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