Obamanomics

Tom Hundley had a long piece in the Chicago Tribune on Sunday describing the influence of the University of Chicago on Barack Obama.
The most interesting part comes near the end, where law professors Cass Sunstein and Richard Epstein spar over whether Obama really believes in free markets.
Sunstein says, “As Nixon went to China, Obama will go to deregulation.” Epstein says Obama “has never met a mandate that he would vote against.”
Epstein then goes on to describe his prediction for the Obama economics team:

Obama comes from the tradition that thinks you can get your way on social justice and economic issues without affecting productivity very much — and that’s simply living in a dream world. … [Obama and his economics team] are very smart, but the problem is these high-I.Q. guys always think they can square the circle; they always believe they can beat the system with a cleverer system, and they always fail.