Reason’s Tim Cavanaugh (H/T: Instapundit), on the entire ‘Let’s revisit the Seventies!’ malaise thing – and its solution:
…belated interest in the 1980s at least suggests Americans are interested in innovation rather than repetition as a way out of the current jam. The first time around, stagflation was defeated by a combination of tight monetary policy, deregulation, market competition, and supply-side tax policy. What will it take to get America moving this time?
Is this a trick question? Making sure that the current head of the executive branch – who is, after all, the guy who hired all of the congenital screw-ups that are currently trying to rev the economy while the car’s in neutral and the parking brake’s engaged – doesn’t get re-elected sounds like an obvious first step. It should have been obvious even to Reason.com, although I concede that from their point of view the choice between the GOP and the Democrats isn’t as clear as it is to me (and, apparently, the Dow). Trust me: I’m not happy between ‘bad’ and ‘worse’ – although these days it’s more of a choice between ‘They CAN be taught!’ and ‘Living definition of insanity’…
Moe Lane