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Luigi Zingales, the respected economics professor at the University of Chicago who has argued so persuasively that government should be pro-market, not pro-business, now weighs in on the Republican presidential race. It comes as no surprise that Zingales prefers Paul Ryan over Mitt Romney. But Zingales is discouraged at the prospect of Ryan throwing his hat into the Republican race:

Wisconsin congressman Paul Ryan says that he's not running, and I assume he means it, but the GOP clearly needs a candidate more like Ryan than like Mitt Romney, currently the party's leading candidate and a favorite of the establishment. A candidate in Ryan's mold, from the Jack Kemp tradition of libertarian conservatives who helped make the GOP great, would be a strong believer in free markets who is not beholden to the bailout-addicted big-business establishment. This kind of candidate, if the GOP could only find him, could win in 2012 and help get the nation's economy back on track.

Well, I don't think Ryan has completely slammed the door on running. But if he has slid the lock then maybe the kind of candidate the GOP needs to find is a she.

View all comments (10) | Leave a comment

RJ| 6.17.11 @ 4:29PM

I don't know much about Michelle Bachmann, but Stephen Moore's recent Wall Street Journal article about her was encouraging. Imagine an elected official who reads von Mises while on vacation. I am looking forward to the debates so I can learn which candidate is the real deal on dealing with the budget and reducing the size of government.

JimH| 6.17.11 @ 5:36PM

Reads Von Mises and still voted for the ethanol subsidies. That means she knew better and did it anyway. I guess that's Realpolitik.

Clint| 6.17.11 @ 6:42PM

"Amid a horrific financial crisis, all we hear are calls for more of the money-printing, spending and subsidies that created this mess. So I choose my great teacher, Ludwig von Mises, champion of the Austrian School of economics, who taught us how a central bank like the Fed causes booms and busts and how to build prosperity through sound money and economic freedom."
Dr. Ron Paul

Siegfried X| 6.17.11 @ 5:48PM

Libertarianism is a loser, including Paul Ryan's. If it were popular, the Libertarian Party would be running the government instead of below 1% losers in every election.

Paul Ryan is no Jack Kemp. Kemp focused on growth, not budget cuts.

Clint| 6.17.11 @ 6:39PM

“Ron Paul cannot get elected” President, declared Donald Trump at this year’s Conservative Political Action Conference. Trump, who has never run for office, let alone won an election, may want to reconsider his parroting of this common refrain: A new CNN poll finds that, of all the Republicans being discussed as potential presidential candidates, the longtime Texas congressman has the greatest chance of beating Barack Obama, while The Donald comes in dead last.

In a hypothetical match-up between Paul and Obama, Obama beats Paul by only seven percentage points (52 to 45 percent). Meanwhile, Obama bests former Arkansas Governor Mike Huckabee by eight points, former Massachusetts Governor Mitt Romney by 11 points, former Speaker of the House Newt Gingrich by 17 points, former Alaska Governor and vice presidential candidate Sarah Palin by 19 points, and Trump by a whopping 22 points. (The poll, by the way, was taken April 29 – May 1 and completed before Obama’s announcement of Osama bin Laden’s death. It has a margin of error of plus or minus three percentage points.)"

Brad9883| 6.18.11 @ 4:52AM

Or beat Obama with a Cain.

Bill Hussein O'Stalin| 6.18.11 @ 6:04AM

Although I'm against ethanol mandated usage one has to wonder what will happen to the price of a gallon of gas when the ethanol mafia is gone.

steven burton| 6.18.11 @ 9:23PM

Ryan has some good, solid ideas to start the conversation on entitlement reform. His solutions are politically unworkable and wouldn't even solve the debt crisis for decades. Add to that the fact that he and his plan have already been framed in the common media trope of callous Republican thinkng. I am a card-carrying Republican, but I can see the ads against this widow-peaked Wisconsin, with more than a passing resmeblance to Eddie Munster, right now. Hell, we already have seen a few examples. He will be killing granny and gramps or forcing them to work until age 100. But the class warriors on the left won't stop there. They will point out that while these "little people" are hurting, Mr. Ryan's tax policies will make the rich even richer. Sometimes I don't understand the complete lack of reasoning among some of my fellow GOPers. The object is to win elections, not to feel morally superior or ideologically self-satisfied. That is Democrat territory; leave it to them. We need a common sense candidate who can win the general election in 2012, not some purist or hero of some minority faction within our party. Think about the disasters of this administration. Do you seriously want to take the chance of letting the fundamental transforming of America be completed? Imagine what other leftist radicals might end up on the Supreme Court; and whom might be replacing a conservative and thus making for a liberal majority. Want to repeal Obamacare? Well lose big in 2012 and you will find that the law and the new entitlement will be here to stay. More tomfoolery on the global scene . Ryan, Paul, Palin, Bachmann and Santorum are all suicidal candidates for our party. I don't know who the best candidate might be, but I know those just mentioned are an invitation to an electoral disaster.

Occam's Tool| 6.18.11 @ 10:00PM

I dunno. I think Bachman would do FIGURATIVELY what was done to ZZ Top in "Under Pressure" on Obama in the election.

Bachman would destroy him. She would unleash her hidden BTO on BO.

yisong| 10.30.11 @ 10:19PM

double-row reducing ball type slewing bearing. http://www.1stbearing.com

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More Blog Posts by Aaron Goldstein

http://spectator.org/blog/2011/06/17/zingales-ryan-over-romney

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