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When done right - or wrong, depending on how you look at it - deficits remove liberal options from the table. Suddenly there's no money for building bridges or inspecting meat. Not surprisingly, running up a deficit is a strategy favored by the wrecking crew for its liberal-killing properties. ”
Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem. ”
There are few things in politics more annoying than the Right's utter conviction that it owns the patent on the word 'freedom' that when its leaders stand up for the rights of banks to be unregulated or capital gains to be untaxed, that it is actually and obviously standing up for human liberty, the noblest cause of them all. ”
Back in the days when the market was a kind of secular god and all the world thrilled to behold the amazing powers of private capital, the idea of privatizing highways and airports and other bits of our transportation infrastructure made a certain kind of sense. ”
Privatizing bits of the prison industry was a step in the right direction, but what we didn't have - until recently - were proper instruments for incentivizing the judiciary. That's what the 'kids for cash' judges were apparently experimenting with. ”
When money is exchanged for pregnancy, some believe, surrogacy comes close to organ-selling, or even baby-selling. ”
While Democrats fussed with the details of health care reforms, conservatives spent months telling the nation that the real issue is freedom, that what's on the line is American liberty itself. ”
The only truly individualistic health-care choice - where you receive care that is unpolluted by anyone else's funds - is to forgo insurance altogether, paying out-of-pocket for health services as you need them. ”
Money never seems to be interested in strengthening regulatory agencies, for example, but always in subverting them, in making them miss the danger signs in coal mines and in derivatives trading and in deep-sea oil wells. ”
Financial regulation is the next item on the political horizon, and it doesn't have to be the deathly dull wonk-battle that it sounds like. In fact, if the Democrats do their job, it can just as easily become a platform for addressing the greatest issues of them all. ”