The Politics of Market Liberalism in the Eighties: Blue Smoke and Mirrors?
In 1980 market liberals had a choice between Libertarian and Republican Presidential candidates, both exploiting the crisis of Vital Center liberalism and committed to freer markets, lower taxes, stable money, and a roll-back of the welfare state. Beyond these programmatic goals the two candidates shared little. Ronald Reagan’s orientation was towards the past; his rhetoric evoked images of a vanishing American economic and military pre-eminence that he promised to restore. The Libertarian, Ed Clark, looking to the future, projected a vision of a libertarian Utopia and sought to catalyze a political revolution.
KeywordsPublic Choice Government Spending Balance Budget Money Growth Reagan Administration
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