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The Future of Republican Economics

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By Ben Cohen

The first thing the Republican party is going to have to do if it is to regain significant public support is to seriously analyze its economic platform, and have some acknowledgment that conventional Republican thinking has failed.

Here's an interesting (and civil, I might add) discussion between Megan McArdle of the Atlantic and Doug Holtz-Eakin, John McCain's former economic adviser on the future of the party, and what it must do to become relevant again:

While Holtz-Eakin is ready to accept some failures of the neo liberal doctrine, he still sticks to the fundamental argument that private is better than public. An unwillingness to accept the role of government in key sectors of the economy (health care and the recession being the primary examples) has, and will be the downfall of the GOP, as the need for strong federal action has never been clearer. However, Holtz-Eakin's eagerness to speak earnestly and civilly is a big step in the right direction for the party, and they would do a lot better promoting people like him to the front of the debate.