I listened to Intelligence Squared* while the kids played on a parking lot snow mountain. The topic was “Are Obama’s Economic Policies Working Effectively?” The format of the show is a 2 team, 6 person (position statement) debate.
On the pro-Obama side were a current administration official, a former administration official, and a non-administration official suggested by the administration. Fair enough.
Opposed to this was a team, two of whose member’s are to the left of Obama (recall that Obama was one of the leftmost Democrats in the Senate, and this administration is the most leftist is 30 years).
The lone conservative was Alan Meltzer, who would be a really great choice when the show acquires a time machine so they can debate the October 1979 change in Federal Reserve policy. I’m not knocking Meltzer, but let’s face it, he was one of the towering economic intellects of the late 1960’s, best known for his support of Monetarism – a philosophy that never quite had its moment before it was swamped by new classicism, who’s implications the Obama administration regularly poo-poohs in favor of even newer behaviorist fads.
BTW: Meltzer went 5th, and got the first ovation of the show, with an easy slam dunk of the mix of platitudes and rehashed Marxism that preceded him.
* Is it just me, or is the title of the show pretentious?




