Tuesday, May 7, 2013

Some Real Fixes For The US Economy And Employment That Do Not Involve More Government Spending

Posted by Milton Recht:

From BALANCE, The Economics of Great Powers from Ancient Rome to Modern America, "NYT Magazine Feature on Glenn & Larry Summers" by Tim Kane:
Why don’t we do THOSE things, easy things that Republican and Democratic economists agree on? More international trade, for starters: let’s lower barriers, tariffs, quotas, and subsidies to commodity industries (e.g., most agriculture). And why not do some the easy thing on immigration: green cards for foreign-born, American-educated scientists and engineers?

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