To quote Bill Clinton strategist James Carville circa 1991, which you won’t find me doing often, “it’s the economy, stupid.” Much is the same with next year’s election, except that the Democratic Party of the Bill Clinton era has exited stage left (yes, pun intended). It was Bill Clinton after all who declared that the era of big government was over and who was able to triangulate between the American public, a Republican Congress, and traditional Democratic policy on important domestic and foreign policy issues ranging from welfare reform to the protection of Kosovo and Bosnia from the rampages of the Serbs (these are foreign policy intervention lessons that can be applied to Syria as well, but that is a future topic perhaps).
The Hoover Institution’s John Cochrane, a Professor of Economics at the University of Chicago, carries this theme forward in a recent essay. This is a highly robust…
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Utopia, you are standing in it! 
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