The difference between a liberal and a libertarian

David Warsh:

You thought it was a big deal when the first Chicago economist took a seat on the Council of Economic Advisers (William Niskanen in 1981)? The chances are that the United States is about to get a president from Chicago’s Hyde Park – and learn something in the process about the difference between a liberal and a libertarian.

Well worth reading the whole thing if you want a sophisticated view of the economic issues and philosophies at play in the election.

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