An ITT I Cannot Pass, by Bryan Caplan

I pride myself on my ability to fairly and accurately explain views with which I disagree.  I've tried to enshrine this skill in what I call the Ideological Turing Test - the ability of non-believers to mimic believers in a blind trial.  But when I read these passages in Noah Smith's recent column, I realized I'd met my match. 
The tendency toward ideological commitment is now being tested in the
U.S., as free-market dogma -- sometimes known as neoliberalism -- is
coming under increasing attack.

Certainly, free markets haven't produced dramatic failures on the level
of the USSR or Venezuela, but "not as bad as communism" is a fairly low
bar to clear, and there's a definite sense that the reigning economic
policies have run out of steam.
The claim that "free-market dogma" is the "reigning economic policy" of the United States or any major country seems so absurd, so contrary to big blatant facts (like government spending as a share of GDP, for starters), that I'm dumb-founded.  Sure, I could defend this position with demagoguery.  But if I wanted to intelligently argue in favor of the claim that neoliberalism actually guides economic policy in any major country, I literally wouldn't know where to start.

A little help?

Or a lot of help?

P.S. Here's David's complementary take on Noah's piece.

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Published on August 22, 2016 08:25
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