ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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'One reform would be to create a First National Bank of Innovation -- a state-sponsored network of merchant banks that invest in and lend to innovative projects'
Yes, because cartelizing research lending will of course make it cheaper!
This is the kind of nonsense that permeated the early 20th century, I don't want to hear it here!
One reform would be to create a First National Bank of Innovation -- a state-sponsored network of merchant banks that invest in and lend to innovative projects.
Aren't you missing something? This is the typical nonsense that got us in this mess in the first place. What we need is a much smaller state that does less, not a bigger one that meddles in even more areas.
"I also really like the idea of tax credits for employing low-wage workers."
Isn't this the EITC, given tax incidence equivalence?
We do the first already, it's called "the public university system". Few have heard of this massive enterprise whereby the tax dollars are invested into research at all levels--from the most advanced particle physics, to engineering, to the replication of low-level findings for the sake of practice.
"It's called the Temporary Assistance for Needy Families Emergency Fund, and it subsidizes jobs with private companies, nonprofits and government agencies."
http://money.cnn.com/2010/07/09/news/economy/stimulus_job_subsidies/index.htm
As opposed to projects banks deem profitable? Who (apparatchik) decides what project is or is not "profitable"?
Maybe, just maybe if we had better bankers who were able to gauge which projects are or are not innovative...
This sounds nice but there are many questions that need to be answered:
More complexity - on top of more complexity - on top of more complexity: What would individuals simply do for one another to provide for economic wants and needs, if they only had the chance?
Why not target the subsidy towards hiring the marginal worker, rather than applying it to every employer/employee? http://www.ilr.cornell.edu/news/jobCreationTaxCredit.html
Why not target the subsidy towards hiring the marginal worker, rather than applying it to every employer/employee? http://www.ilr.cornell.edu/news/jobCreationTaxCredit.html
We already have the subsidy, and IMHO it's the one of the most economically efficient programs we've got: the Earned Income Tax Credit.
It just needs expansion -- especially for part-timers.
The money goes to the workers, not the employers, but the incidence is obvious. People will work for less per hour if they're getting a spiff on the side for every hour worked.
Read the last chapter of Lane Kenworthy's Egalitarian Capitalism.