“Only Nixon could go to China” is a political metaphor referring to the ability of a politician with an unassailable reputation among his supporters for staunchly representing and defending their values, to take actions that would draw vicious criticism and fierce opposition if taken by someone without those credentials. With California’s financial condition in free [...]
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Four years ago, Nobel Prize winning economist Joseph Stiglitz and the ultra-liberal Roosevelt Institute, where he serves as Senior Fellow, enthusiastically heralded the Presidential election of Barack Obama as the beginning of at least a decade of continuous expansion of government intervention into the American economy. Stiglitz trumpeted the capture of the Executive and Legislative [...]
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