Europe Has an Economics Lesson for Obama

Henry Olsen, writing for the notoriously right wing Wall Street Journal, says that Europe's reasonably successful embrace of market-based reforms offers an economics lesson for Barack Obama. Olsen is a Vice President at the even more notorious American Enterprise Institute. It is telling, therefore, that he also says that

They have also come to the recognition that the task of center-left governments is to minimize the negative externalities of market action while using government to more equitably distribute the resulting economic gains. These progressives believe in reforming and guiding, not restricting or reviling, the private sector.