A great little article by Lance Izumi in NRO contains the very apropos byline - Bush should listen to Friedman and Hayek.

The president seems not to fully realize that taxation and spending policies are more than just fiscal tools to improve economic performance or address group demands. In addition, these policies determine the extent of individual liberty in our society. In this regard, Bush should heed the advice of two Nobel Prize-winning economists and conservative icons, Milton Friedman and Friedrich Hayek.

Friedman has always supported tax cuts for more than just their effect on the economy. A few years ago, he wrote, "I have long favored cutting taxes at any time, in any manner, by as much as possible as the only way of bringing effective pressure on Congress to cut spending."

...Government spending on noble causes, even those staked out by Bush, still adversely affect the individual liberty of Americans. In his famed book Road to Serfdom, which celebrates its 60th anniversary this year, Hayek warned that when government seeks to impose specific effects on people, "It must, of necessity, take sides, impose its valuations upon people and, instead of assisting them in the advancement of their own ends, choose the ends for them."

Conservative Quagmire, anyone?