Can We All Agree These Are Reasonable Policy Recommendations to End the Conservative Nanny State?
http://www.cepr.net/documents/publications/cns_policies_2006_07.pdf
Trade and Immigration
While these policies redistribute upward by putting less-skilled workers in competition with workers in the developing world, they can be redesigned to redistribute income downward. New trade agreements should focus on increasing competition for the most highly paid professionals rather than less-skilled workers (e.g., physicians, lawyers, accountants, etc.). This should be done by standardizing licensing requirements across states and making them fully transparent so that people can train and test anywhere in the world to meet U.S. standards. (This is analogous to what has been done to facilitate imports of manufactured goods.)
The Federal Reserve Board
All the members of the Open Market Committee (OMC), which controls the country’s money supply and interest rate policy, should be appointed by
2007-12-03
08:54:13
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4 answers
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It's Your World, Change It
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the president and approved by the Senate. (Currently 12 of the 19 OMC members are appointed through a process that is controlled by the banking community.)
Rules for Corporations
Corporate CEOs receive outlandish pay packages because they largely control the process through which their pay is set. The best response is to rewrite the rules of corporate governance to shift more power to shareholders and away from management. There are three easy steps that could accomplish this task:
(see link)
Drug Patents and Copyrights
Patents and copyrights are government-granted monopolies. They raise the price of the protected items by as much as several hundred percent above the free market prices, creating perverse incentives and leading to large economic distortions. While patents and copyrights provide incentives for innovation and creative work, it is possible to design more efficient mechanisms that don’t require as much interference with the market.
2007-12-03
08:55:42 ·
update #1
Bankruptcy Laws
In a free market, businesses that make bad decisions on extending credit must suffer the consequences of their actions. They should not be allowed to use the government as their debt collector. (see link)
Torts and Takings
In a free market, individuals have the right to go to court to get compensation from individuals and corporations that have damaged them. Intelligent property owners know that some government actions increase the value of the property and some will decrease the value. They don’t have to write a check to the government in the former case, they should not expect the government to write them a check in the latter case.
Small Business
It is very difficult for small businesses to survive in the modern economy. As a matter of public policy, the government may opt to promote small businesses at the expense of larger, more established businesses, but this is not a free market policy.
2007-12-03
08:56:39 ·
update #2
Taxes
Unpaid taxes are as much a burden to law-abiding taxpayers as any spending item. People who withhold taxes they owe are stealing from the government in the same way as someone who falsely files for TANF benefits, except the sums are likely much larger. The IRS estimated that in 2001, more than $340 billion in taxes went unpaid, an amount that is roughly equal to 20 times federal spending on TANF in that year.
Businesses Should Have to Compete With the Government
The American public wants services provided in the most efficient way possible. In some cases, a centralized system will be more efficient than a decentralized system. In such circumstances, there is no reason that the government should not seek to provide the service.
Stop Using the Right’s Rhetoric!
Stop saying that conservatives want the market and that progressives want the government. We all need both the market and the government. Conservatives want the government to distribute income upward.
2007-12-03
08:58:57 ·
update #3
Progressives want the government to benefit the vast majority of the people.
2007-12-03
08:59:14 ·
update #4