The ... Reagan era ... ideas [have] been abandoned as the intellectual basis of a political program... There are no convinced supplysiders (though the catechism is still occasionally recited). There are no public intellectual leaders in any campaign for "free markets" and against regulation. "Free trade" has been reduced to a label, pasted over trade agreements that are anything but "free." The economic conservative still reigns supreme in the academy and on the talk shows, but in the public realm, he is today practically null and void. He does not exist.
James K. Galbraith
