Liberal Emotion

From David Henderson:

Interestingly, the difference between the liberals and the libertarians was less on the economic analysis and even the bottom-line policy conclusions than it was on our feelings about the bottom line. The libertarians--Anderson, Zycher, and I--loved it when the answer was that free markets work; and that was usually the answer. The liberals, Krugman more than Summers, seemed often upset when that was the answer; they seemed to want a big role for government.

It had been puzzling me why economic literacy so often does little more for a liberal than to make him an even more effective advocate of big government. The above observation helps to explain it.

Share this