this is a point I think conservatives who believe they can remain reasonable about macro fail to grasp — this is about philosophy of government. If your bedrock faith is that government is always the problem, never the solution, then you’re not, ultimately, going to be willing to draw a line around the central bank and say that it’s OK for that semi-autonomous part of the government to engage in active problem-solving.
From The Triumph Of Reagan Over Friedman
There used to be a time when the right was pro-markets rather than nihilistically anti-government and anti-policy. The only acceptable policy is deregulation and tax cuts, irregardless of the problem.
