gunnut,
why should it be "perceived"? free market theory in general fully acknowledges that there will be recessions and depressions, and a large part of determining which economic school you are lies between choosing whether recessions/depressions are logical and inevitable and probably a good thing, or if it is emotional and avoidable and probably a bad thing.
but neither school denies that there are times when private industry fails.
he was too much of a states'-righter for me, and too twitchy when it came to defense, but i could live with him. i think he's a better conservative than any of the big ones out there today, with the possible exception of paul ryan.
in the end, i'd prefer somewhere in the middle of him and Rockefeller Republicanism, which was actually to the left of Clinton's Third Way. but at the least, he was an erudite, well-reasoned man whom didn't tolerate the religious right.
It should be the "perceived" failure of the private industry, just like today. Rahm Emanual famously said "never let a crisis go to waste." FDR did the same thing except he didn't advertise it.
but neither school denies that there are times when private industry fails.
Goldwater sounds like a guy I can get along with.
in the end, i'd prefer somewhere in the middle of him and Rockefeller Republicanism, which was actually to the left of Clinton's Third Way. but at the least, he was an erudite, well-reasoned man whom didn't tolerate the religious right.
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