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For a thoughtful take on why we're in a mess and what will work, read Richard Epstein today:
So, returning to our original question, what should be done to improve our economic situation? There are only two approaches that will work. The first is to lower marginal tax rates at the top, which might induce investments from those who have money. Second, and more importantly for the short run, is to put fiscal and monetary policy on the backburner while proactively removing the senseless blockages in the labor markets.
His article is at Hoover here.
Also, it's always good to read a thoughtful candidate for public office on this theme. Ted Cruz is a sincere, talented, and promising candidate in Texas for U.S. Sentate. While his ideas can be found in some of the plans floating around out there, his piece at NRO today is worth reading, in which he lays out his own 12 point plan. It's a good gauge for how Tea Party-friendly candidates are looking at the issues:
- Repeal Obamacare
- Kill cap and trade
- Protect right-to-work states from NLRB
- End off shore drilling moratorium
- Curb EPA's authority
- Repeal Dodd-Frank
- Take corporate tax rates all the way down to 15%
- Flat tax or fair tax
- Entitlement reform and overall decreases in spending
- Rein in the Fed
- Allow SMEs to opt out of Sarbanes Oxley
- Balanced budget amendment
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