Analysis by Benjamin Friedman (Economics, Harvard) here; an excerpt:
"Judging from the economic proposals that the two candidates have offered, and in President Bush's case from those he has actually carried out during his first term, the fundamental economic issue of this election involves the respective roles of work and saving—of labor and capital—in the economy we seek to create. Do we value and encourage one, or the other, or both? Do we look to income earned from one, or the other, or both, to pay for what we collectively undertake as a society, whether in waging war in Iraq or providing health care or education at home? Do we distribute economic rewards to those among us who happen to be in a position to do one, or the other, or both? These questions are what our choices are really about."
(Thanks to Benjamin Hale for the pointer.)
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