Friday, December 08, 2006

Liberaltarians?

From Liberaltarians by Brink Lindsey, director of the CATO Institute's Center for Trade Policy Studies (emphasis added):
...Libertarian disaffection should come as no surprise. Despite the GOP's rhetorical commitment to limited government, the actual record of unified Republican rule in Washington has been an unmitigated disaster from a libertarian perspective: runaway federal spending at a clip unmatched since Lyndon Johnson; the creation of a massive new prescription-drug entitlement with hardly any thought as to how to pay for it; expansion of federal control over education through the No Child Left Behind Act; a big run-up in farm subsidies;...

...The central challenge in cementing a new fusionist alliance--and, make no mistake, it is a daunting one--is to elaborate a vision of economic policy, and policy reform, that both liberals and libertarians can support. Here, again, both sides seek to promote individual autonomy; but their conceptions differ as to the chief threats to that autonomy. Libertarians worry primarily about constraints imposed by government, while liberals worry most about constraints imposed by birth and the play of economic forces.

The basic outlines of a viable compromise are clear enough. On the one hand, restrictions on competition and burdens on private initiative would be lifted to encourage vigorous economic growth and development. At the same time, some of the resulting wealth-creation would be used to improve safety-net policies that help those at the bottom and ameliorate the hardships inflicted by economic change. Translating such abstractions into workable policy doubtlessly would be contentious. But the most difficult thing here is not working out details--it is agreeing to try. And, as part of that, agreeing on how to make the attempt: namely, by treating economic policy issues as technical, empirical questions about what does and doesn't work, rather than as tests of ideological commitment...

Mr. Lindsey was interviewed yesterday on NPR's All Thing Considered (with audio link).

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