Vice President JD Vance took a severe tongue-lashing on Fox Business Friday, as hosts continued to react to his strange recent statements attacking legendary conservative economist Milton Friedman.
“I think JD Vance, on economics, just generally does not understand the role of capitalism and investment and so forth,” said analyst Liz Peek, to the approval of her peers Stephen Moore and Larry Kudlow.
Friedman, a Nobel laureate and founding member of the influential “Chicago school” of economics, often faces criticism on the left — but it’s rare to see it from a Republican.
Vance gave the remarks during an interview with The Daily Wire.
“Milton Friedman’s ideas made more sense in the 1980s because they were being advocated in a country that still had a very rich and powerful institutional Christianity,” said Vance. “If you look at modern Britain and the result of Margaret Thatcher’s policies, you would say that her policies actually got Britain further away from that ideal and not closer to that ideal. I think that meritocracy can steal from us a sense of what really, really matters.”
Vance added that “American economic policy on the right is now much more Alexander Hamilton than it is Milton Friedman. I think that’s obviously a good thing.”
Moore, himself a former Trump strategist, penned a scathing response to these comments in the Marshall Independent, writing that Vance “sounded much more like a Mitt Romney, big-government RINO than a Trump or Ronald Reagan.”
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