Economics

Well, That's a Relief

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Obama, to BusinessWeek, last week:

"But the last point I would just make in terms of the operating economic philosophy here: My working assumption has always been, if the market could do it better, have the market do it. I have very little confidence in, as I said, some sort of command-and-control regulatory regime. I think businesses create jobs. And I'm a big believer in the profit motive and think free-market pricing is the best way to figure out how to distribute goods and services in a complex economy. In that sense, maybe I spent too much time at the University of Chicago, but I'm pretty steeped in what would be considered a very mainstream view of the economy and government's role in it. I just think it's a sign of how far our ideological pendulum has swung that the things we suggest are somehow deemed anti-business."

Via Derrick Miller