Essay on Paul Krugman 's The Conscience Of A Liberal

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Conscience of a Liberal
A government directly interfering with the economy of its nation is contrary to the ideals of basic capitalism. When the New Deal was introduced by Franklin Delano Roosevelt in response to the Great Depression, it was viewed with skepticism due to its perceived anti-capitalistic policies and seemingly communist-esque ideas, which struck fear in the eyes of Americans. However, Roosevelt proved that government involvement in the economy is not only stable, but also is a fair equalizer amongst a nation’s citizens. Paul Krugman’s, The Conscience of a Liberal, discusses the major political situations between the Great Depression and the twenty- first century. This includes the moral and statistical benefits of what are considered liberal policies, such as strengthening Social Security, Medicare/ Medicaid, and the potential implementation of Universal Healthcare in the United States. It is Krugman’s belief that these programs, in partnership with varying tax rates for individuals and corporations within different ranges of income, promote an equal society. These programs additionally provide a better standard of living for a nation’s citizens. The New Deal pioneered the concept of government intervention in economics. Its public benefits positively transformed American society in its reduction of economic inequality, and resulted in bipartisan cooperation during the decades following its implementation. However, the positive effects of the New Deal are…

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