Regardless of who becomes America’s forty-fifth president in January 2017, the new chief executive and Congress will face considerable social, foreign policy, and economic challenges. That’s true of any president and legislature. The economic problems, however, will especially be formidable: not, we hope, because of something akin to the financial crisis that confronted President Obama upon assuming office, but because of long-term difficulties for which minor policy tweaks won’t be a sufficient response.
ANALYSIS: Conservatism, Free Markets, and America’s Post-Obama Economy
Instead of settling for damage control, now is the time for conservatives to outline a far-reaching pro-market economic reform agenda. Not only should conservatives explain how America’s economy can be changed in ways that promote lasting growth and wider prosperity, but they should also speak in moral terms, presenting a convincing normative alternative to progressivism’s social democratic vision.
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