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Full quote:

"The 1920s were the last decade in American history during which one could be genuinely optimistic about politics. Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women — two constituencies that are notoriously tough for libertarians — have rendered the notion of “capitalist democracy” into an oxymoron."

So if you break down his line of reasoning:

- 1920s were good because one could be optimistic about politics

- This changed when welfare programs were expanded and women were granted the right to vote

- Therefore, granting women the right to vote was a bad thing

I mean I dunno, regardless of how I read it, I can't extract any positive meaning from anything he said. He even said that he no longer believes freedom and democracy are compatible. So yeah...



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