Friday, July 09, 2004

Out on a Limb

The Democratic Liberialism of Roosevelt, Truman, Kennedy, Johnson, and Carter died. Some people haven't noticed.

The "welfare state" of the old Democrats died just like slavery died 150 years ago.

Some people think they will raise the dead and return to a time where we looked to the government for answers and solvers of problems. But the winners of the Nobel Prize in Economics have been given to the people who describe a free market. People like Sharpe, Nash, MO & MI and Fischer. Finance men to the last.

UPDATE: The Kerry 2004 campaign rejected a speech by the Berkley Professor George A. Akerlof, a Nobel prize-winning economist and Kerry adviser.

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