Quote of the Day

In many ways Milton Friedman was a devil figure in my youth, in a Keynesian household of economists. I grew to see the issue as more nuanced as I was in school and ultimately have come to have enormous respect for Friedman's views on a range of questions. That's a respect that is born of the power of his arguments as one considers them more and more deeply. But it's a respect that's also born of the lessons of the experience of the success of decentralization in a place like Silicon Valley and of the failures of centralization in places like Central Europe and Russia.

Read more from Obama's advisor and Secretary of Treasury pick, Lawrence J. Summers at Carpe Diem.

As one commenter noted, the arguments been settled. Now, it's just a matter of political will.