Lawrence Kudlow, a self-styled free-market, small-government man, said on MSNBC today that he had spoken to Alexander Hamilton, "the greatest treasury secretary in history," who told him the bailout of Wall Street was necessary to "save capitalism."
I'm not surprised that either Kudlow or Hamilton support the bailout. Being for capitalism obviously is not the same thing as being for the free market.
My latest op-ed on the issue is here.
Wednesday, October 01, 2008
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2 comments:
Why does anyone ever listen to Kudlow? In 2002 he told us how the forthcoming Iraq War would do wonders for the economy. He's a capsule summary of what's wrong with the political right.
Bob Weber
Absolutely right!
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