Category Archives: conservatives and liberals

1776

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June 29, 2026 — Adam Smith’s book The Wealth of Nations shares with the Declaration of Independence its 1776 birth year and hence its 2026 semiquincentennial.  Both documents incarnated a set of liberal ideas that we associate with the Enlightenment.  Much is made of the egregious respects in which men who spread these ideals, at the time, fell far short of extending rights to the entire population.  This is true, of course.  But saying so leaves out how absent altogether these ideals had previously been for almost all previous civilizations in history. read more

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Abundance

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November 2, 2025 —  In search of an alternative vision to MAGA that might appeal to common-sense working Americans, some Democrats have rallied around the word “abundance.”  That is the title of a recent book by Ezra Klein and Derek Thompson, touted as a once-in-a-generation, paradigm-shifting revelation.

To begin, let me say that Ezra Klein is one of my favorite columnists and podcasters.

To the extent that abundance can be used as an effective political slogan, I am all ears.  In its favor, “abundance” is short enough to fit onto a bumper sticker, the word is neither too common in speech nor too uncommon, and it sounds like something we should all want.  It could fulfill the purpose of Democrats admitting past mistakes, which at this point is de rigueur if they are to develop an effective political strategy.  But abundance seems to me an arrow that is not particularly well-aimed. read more

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Do Voters Pursue Their Economic Self-Interest?

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September 29, 2025 — As US President Donald Trump goes further and further off the rails in his demolition of long-standing rules and norms, it remains puzzling why so many Americans voted for him and continue to support him.  It is especially puzzling why so many lower and middle-income Americans support him, since his policies tend to their economic disadvantage.  Cutting federal spending on Medicaid and many other government services while simultaneously extending massive tax cuts for high-income households, does not sound crowd-pleasing populism.  But perhaps this is only puzzling to economists. read more

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