Thursday, October 30, 2008

Robert Frank More Right Than He Realizes About Government Redistribution

Cornell economist Robert Frank attempts to defend Barrack Obama, against charges that he is a socialist, by pointing out that The National Council on Economic Education’s curriculum standards for the teaching of essential principles of economics states, in part, that

Most government policies also redistribute income.

which is correct. But it doesn't necessarily logically follow that Obama is not a socialist, it could, and does, mean that most government programs are socialistic.

(Via Economists for Obama)

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