Thursday, February 14, 2008

Progressives Aren't Liberal on Economics

For those who like research papers, Alfred E. Kahn's discussion of recent economic objectives of Democrats might suit.
The assumption of Democratic control of Congress last year and the probability that its majority will be increased by this year's elections portends a growing, deeply troubling ideological split within its ranks, already visible, on matters of economic policy generally and regulatory policy specifically - between the more radical (and at the same time reactionary) populists, who label themselves Progressives, and the 20th century liberals, who have dominated in the formulation of their party's economic programs for the last three-quarters century.

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