In his latest US Macro Dashboard note, Morgan Stanley Chief Economist Vincent Reinhart nicely states the insane nature of policymaking in America right now.
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Given that in the main the American political system is still the closest to protecting varieties of individual liberty – regarding speech, commerce, religion, due process, etc. – most of those who peddle political ideas want to hitch their wagon to the ideas of the American Founders. Socialists, conservatives, populists, agrarians and even communists have laid claim to being the proper carriers of the American political flag. Libertarians, of course, are no different. Delete the scoop?
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