This is an EconTalk interview by Russ Roberts, with links to relevant readings.
You can download to listen or you can read the dialogue, which is a bit hard because you have to work out who is talking (maybe not hard if you pay attention, but you can’t tell at a glance).
The blurb “Roberts challenges some of Quiggin’s claims and wonders whether proposed alternatives might do even worse than the policies Quiggin is criticizing. Much of the conversation focuses on the role of government in the financial sector and how that might be improved going forward.”
JQ. “Of course, we’ve never had a pure system of market liberalism but equally my remaining Communist friends tell me we’ve never had pure Communism. No doubt both are correct.”
But which would you choose to move towards?
Final comment from JQ: “But after 30 years when we’ve largely tried to explain away, we have to recognize that having a large government is likely to produce a more stable outcome than the kind of minimum state idea.”
Does he think we have been moving towards the minimum state over the last 30 years?