I would be delighted to follow up my appearance on Midpoint: Question Everything with Ed Berliner, in which Ed and I discussed the economic issues around immigration policy, with a few points and references.
Corporate Inversion mergers are a huge problem, but are a simple byproduct of our excruciatingly bad corporate tax system. Lower nominal – but higher effective – tax rates would eliminate bad incentives and bring in more corporate income tax revenue. Continue reading
Studies suggest that a low short-term unemployment rate is more indicative of a healthy economy than the overall unemployment rate. Today, the short-term unemployment rate is well below its historical average – so will the economy pick up steam as a result?
The benefits of smart growth policies, which are long-term economic development plans, should be prioritized over short-term stimulative policies.
In the June 2014 Federal Reserve Open Market Committee minutes, the board decided to cut the current quantitative easing program altogether by October, indicating that perhaps, after several years of halting asset purchase programs, the economy is finally ready to fly on its own.
Facebook founder/CEO/magnate Mark Zuckerberg wrote an op-ed in the WSJ this week, arguing for Universal Internet. In it he writes,
When people have access, they not only connect with their friends, families and communities, they also gain the opportunity to participate in the global economy. Research by McKinsey & Co. in 2011 shows that the Internet already accounts for a larger share of economic activity in many developed countries than agriculture and energy, and over the previous five years created 21% of GDP growth. Access to online tools lets people use information to do their jobs better and in turn create even more jobs, business and opportunities. The Internet is the foundation of this economy.
Of course, Zuckerberg has a product to sell, but his point is relevant – how well does internet connectivity create economic opportunity? While Zuckerberg focuses on less developed economies, can the same gains be made in the developed world? Or better yet, can internet connectivity solve the growing income inequality issue in developed economies? Continue reading