Krugman makes the case against laissez-faire:
Hard-core American conservatives have long idealized the Gilded Age, regarding everything that followed — not just the New Deal, but even the Progressive Era — as a great diversion from the true path of capitalism.Grover Norquist is a stooge of the plutocracy. He took Ec 10 at Harvard, believed it all, and forgot all the ifs, ands, and buts.
Thus, when Grover Norquist, the anti-tax advocate, was asked about his ultimate goal, he replied that he wanted a restoration of the way America was “up until Teddy Roosevelt, when the socialists took over. The income tax, the death tax, regulation, all that.”