After the last eight years, the word "markets" makes me twitch. Whenever one of the right's beady-eyed ideologues begins to drone on about "the magic of the market," I can't help but think, "Ok, who's getting screwed this time?" It's involuntary. So naturally I'd prefer Obama not come within a thousand miles of the poisonous University of Chicago school of dehumanized economics. But, over time, even these enablers of upward redistributionism have produced a few sound thoughts, and it sounds as if Obama may have taken the wheat from their crooked fingers and left aside the strychnine-laced chaff. Given current realities, the approach he describes here a) is probably the best we progressives can hope for and b) might actually work. Hell, I'll just be happy to have a president who knows the meaning of "empiricism."
How Obama Reconciles Dueling Views on Economy - The New York Times