The American Spectator

Among the Intellectualoids

Obama World Flunks Economics 101

By Ralph R. Reiland on 9.23.08 @ 12:07AM

(Page 2 of 2)

Does the Times think that a government-is-good-markets-are-bad ideology is more likely to deliver the goods, or that Obama's advice in May to the graduates of Wesleyan University to shun the "money culture" is the path to widespread prosperity?

Instead, across the world, it's the pro-business, pro-capitalist ideology that's been the most directly correlated with increasing the freedom and prosperity of the average person. It's the world's freest economies with the most limited governments that have many times the per capita income than economies that are strangled by overblown states.

"The greater dangers to liberty," wrote Supreme Court Justice Louis Brandeis, "lurk in insidious encroachment by men of zeal, well-meaning but without understanding."

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