Are More Liberals Coming Around to the Downside of Overregulation?
Liberal icon George McGovern came to realize how well-intentioned regulations often produce bad outcomes, how taxes dampen investment, and how mandates make it harder to innovate or survive, especially during recessions.
George McGovern, the Democratic Party’s 1972 presidential nominee, was a liberal icon. During many years in political office, including as a U.S. senator from South Dakota, McGovern successfully championed loads of regulations, taxes and mandates in the name of the public good.
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