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Cato Podcast

Seventies Redux?

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 11 March 2010

⏱️ 7 minutes

🧾️ Download transcript

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0:00.0

This is the Cato Daily Podcast for Thursday, March 11th, 2010.

0:07.0

I'm Caleb Brown.

0:08.0

At least we don't have stagflation yet.

0:10.0

The 1970s paralleled the 2000s in several ways so what might those parallels

0:15.6

mean for the public's appetite to limit government. John Samples director of

0:20.0

Cato's Center for Representative Government addresses that and other ideas in his new book, The Struggle to Limit Government.

0:27.0

What parallels should we draw between the 2000s and the 1970s?

0:32.0

We had recessions,ending it the decades both started with

0:36.6

surpluses going into deficits we had wars an economy that was not particularly strong.

0:45.0

What parallel should we draw?

0:48.0

Oh, the other thing I would say is you had a Republican president

0:51.0

through part of the 70s that was in many ways a lot like what

0:56.7

one expects Democrats to be.

0:58.8

Richard Nixon in my book, The Struggle to Limit Government, I see Nixon as a continuation of the Johnson

1:05.4

administration and in many respects actually Johnson administration was more

1:10.4

liberal and more radical in their use of government, I think, than the Johnson

1:15.2

administration ever intended to be. So you have that, and the parallels I

1:20.5

think between Richard Nixon and George W Bush are actually quite clear.

1:27.0

I would add that Bush continued the tendency towards social conservatism that Nixon pioneered as an electoral strategy.

1:37.0

He was much, that is Bush, was much more intense about it, but times had changed too, I think.

1:46.0

So I think you've got that.

1:46.9

I think the important thing here is, as always with politics, big things like the state of the economy and war are going to be the big issues.

...

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