Russell Roberts at Cafe Hayek
addresses another harebrained scheme produced by the inability of humans to resist the temptation of tinkering. He quarrels, correctly imho, with the following proposal:
Globalization has brought huge overall benefits, but earnings for most U.S. workers -- even those with college degrees -- have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income. -- Kenneth Scheve and Matthew Slaughter
YIKES!
No comments:
Post a Comment