- Jan 17, 2004
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It is widely assumed that conservatives favor free markets and limited government. Along with libertarians, the right opposes socialism and central planning. With a heavy dose of Chicago School economics, the foremost conservative intellectuals and economists support the extension of the market to the furthest possible reaches. This is a common understanding of the right?s ideology, and in part, this generalization is correct. While not as thorough and consistent as many libertarians on economic issues, conservatives in the past 50 years have helped to support and promote the cause of economic liberalization and the institution of private property. Yet for all their alleged dissent against government central planning of the economy, conservatives have a noticeable blind spot: their belief in the nationalization of money.
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Interesting how all these conservative "free market" advocates still believe in the Fed. All I have to say is: wake up and smell the inflation.