Jeb and Hillary Have no new Ideas. Neither Does Anyone Else.

But when it comes to the basic questions of political economy, I can’t think of a single proposal being debated today that is not a variation of an idea proposed or passed into law between the first election of Franklin Roosevelt in 1932 and the passage of Medicare in 1965, a period that includes Milton Friedman’s influential masterpiece. The nearly five decades since have been marked by the same pattern, in which progressives defend and seek to extend the legacy of the New Deal and Great Society, while conservatives, and some neoliberal “New Democrats,” propose variations of the ideas set forth by Friedman in Capitalism and Freedom.