But if we look at the historical record, the liberal regime of the 1950’s and 1960’s was more successful than the conservative regime that followed. Outside China and India, whose economic potential was unleashed by market economics, economic growth was faster and much more stable in the Keynesian golden age than in the age of Friedman; its fruits were more equitably distributed; social cohesion and moral habits better maintained.
但是，如果我们看看历史纪录就会发现，20世纪50年代和60年代的自由主义体制比随后的保守主义体制更为成功。在中国和印度——市场经济释放了它们的经济潜能——之外， 凯恩斯黄金时代的经济增长要比弗里德曼时代更快，更稳定；凯恩斯黄金时代的经济成果被更公平地加以分配，社会凝聚力和道德习惯更好地得到维持。这些都是抗衡一些商业萧条的重要益处。