Economics of NeoCon!

Irving Kristol has died. Known popularly as the Father of Neo Conservatism in the US, Kristol's proteges including his famous son, William Kristol, have had a huge influence on the Bush Administration. Thanks to Professor Brad deLong's blog at his Berkeley campus, I was greatly amused by Mr Kristol's comments in his frank moments:

Irving Kristol explains where the economics articles he published in The Public Interest came from:

Among the core social scientists around The Public Interest there were no economists.... This explains my own rather cavalier attitude toward the budget deficit and other monetary or fiscal problems. The task, as I saw it, was to create a new majority, which evidently would mean a conservative majority, which came to mean, in turn, a Republican majority - so political effectiveness was the priority, not the accounting deficiencies of government...

Now it is clear. He and his influential neo conservative never gave 2 hoots about economic policies!