University of Chicago professor John Cochrane writes on the choice:
The last four years of disastrous economic policy came from a deeply ingrained philosophy: that detailed discretionary control by government bureaucrats is the way to run the macro and micro economy. That growth comes from a one-year special tax break for this or that, a $7000 credit for silicon valley tycoons to buy electric sports cars, and sending the staff of HHS to tell each of us what medicine we need and the Fed to tell each bank who it should lend to.
No. Prosperity comes from property rights, rule of law, simple clear and stable taxation and regulation, which is hard to bend to crony capitalism and protection, and competition.
Not everything in Romney's plan is perfect. I won't defend "energy independence" and a fairly mercantilist attitude towards trade.
