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Amid burgeoning federal deficits and the accelerating expansion of government, many conservative Republicans doubtless are asking themselves: What on earth is wrong with the GOP? According to Robert Ekelund and Mark Thornton of the Mises Institute, "the rampant fiscal irresponsibility of the Republicans is not a mystery; they are merely returning to their historical roots. The Republican Party was established as a party of big government and economic intervention. Their reputation as a party of limited government is of more recent vintage and stands on a flimsy foundation."
The presidency of Abraham Lincoln, note Ekelund and Thornton, actually gave birth to the expression "New Deal": ...