I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform.
Yes, free markets tend to produce unequal incomes. We should not be ashamed of that. On the contrary, our system is the envy of the world and should be a source of pride.
When the Soviet Union fell, optimistic scholars believed the world had shifted inexorably in the direction of free markets and liberal democracy. Instead, the West gradually embraced bigger government and weaker social bonds, creating a fragmented society in which the only thing we all belong to, as President Barack Obama puts it, is the state.
Democrats want to use government power to make people's lives go better; Republicans respond that people know more than politicians do. We think that both might be able to agree that nudging can maintain free markets, and liberty, while also inclining people in good directions.
Hank Paulson, the happy capitalist warrior who spent his life pursuing and defending free markets, is now the biggest interventionist Treasury secretary we've had since the Great Depression.
It is harder to explain why free markets create wealth than it is to pander to workers who have been displaced by global competition.
The U.S. has since the end of World War II had an answer - we stand for free peoples and free markets, we are willing to support and defend them - we will sustain a balance of power that favors freedom.
We will have to stand up for and promote the power and promise of free markets and free peoples, and affirm that American preeminence safeguards rather than impedes global progress.
There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.
I like Ronald Reagan, who didn't play crass politics, and he just articulated and delivered on broad themes that were needed. Free markets meant free markets. Deregulation. Lower tax rates. Strong national defense. And he was credible and believable.