A new TIME magazine profile of Obama economic adviser Lawrence Summers includes this assessment from new Treasury Secretary Timothy ?Taxes? What taxes?? Geithner, a Summers ally:
?His solutions tend to be government-led, progressive structuring of the market for what he perceives as the greater social good. ??
This reminds me of a classic line from Ludwig von Mises: ?Every socialist is a disguised dictator.? We?re in trouble when we allow politicians of any stripe to decide they should impose their ideas of the greater social good on the economy.
