What I do know is that what annoyed me about Reagonomics in high school and prior to high school continues to bother me to this day; I also profoundly agree with Rachel Maddow when she said (paraphrased from tonight's show) that those who despise government and do not believe it is the answer to a nation's woes should probably not be elected to actually run the government. I also dislike the deregulation of industries. As I see it, regulation is a must; an addendum to my previous rule of thumb regarding human behavior is this: morals generally are not voluntarily applied to corporations or those who wish to make money, and that most of those wishing to make money will do so by any means necessary, even if it means ignoring what would be common sense for long-term growth. One only needs to read The Jungle to understand why regulation is important. Barring that, one only has to look at Wall Street and our nation's financial 'strength' circa October 29, 1929 through 1939. And that only took our involvement in a world war to bounce back from. Regulatory practices seem like a good idea, mostly because the conservative idea about a free market being self-correcting is in actuality true. The problem with that self-correcting function being that much of the country cannot truly handle such fluctuations like a market correction. It is my belief, and perhaps the wrong one, that it is better to stymie potential and gratuitous windfalls if doing so also allows for a certain amount of control when the market heads in the opposite direction. It means less exhilarating growth, but it also means less abysmal lows as well. As someone who has never been much of a risk taker in any medium, that sounds like a fair balance to me.
Considering that even conservatives are working fiercely against the natural correction of the market, I am calling into question whether or not belief in the conservative philosophy -at least, the economic fork of that philosophy- is coming to an end. I can only hope that some of it does die, and with a whimper instead of a bang. But then, I'm more of a pump-primer, Keynesian economic policy girl myself. If anyone could tell me why I am wrong in aligning myself with that philosophy, I'd be much obliged.