There are two basic positions on the economy: 1. Those who focus on the beauty and simplicity of markets and the advantages of decentralized decision making.

There are two basic positions on the economy: 1. Those who focus on the beauty and simplicity of markets and the advantages of decentralized decision making. 2. Those who focus on all the ways markets create or abet undesirable conditions for human beings. Everyone reasonable sits somewhere in the middle of those positions. The loons are gathered at both extremes. There are perfectly good arguments against minimum wage, rent control, and steep progressive taxes. There are also perfectly good arguments for those things. And none of that has anything to do with Donald Trump.