Capitalism and Skepticism

Mon, 22 Sep 2008 16:46:40 +0000

Over at RGE Monitor, Chris Carroll wonders:

As each day’s newspaper brings word of a new Wall Street bailout more colossal than the last, one question seems to present itself with ever-increasing force: Why does the economy perform so badly under Republican Presidents?

He takes a shot at an answer:

Maybe capitalism works better when its excesses are restrained by skeptics than when true-believers are writing, interpreting, judging, and executing the rules of the game.

Read the whole thing. Find the data underlying his analysis here.