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Protectionism, industrial policy and government ownership — all once conservative boogeymen — have become official doctrine.
By Adam B. Kushner
I’m the editor of this newsletter.
Conservative orthodoxy once held that the free market was the key to America’s economic success. In this view, Milton Friedman was a laissez-faire prophet. The Soviet Union was the sclerotic alternative. Ronald Reagan captured Republican sentiment when he said, “The nine most terrifying words in the English language are: I’m from the government, and I’m here to help.”
