Capital Commerce


June 2009


More Immigrants, More Jobs

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Byron York repeats the conventional wisdom about immigration's effect on employment:

Is this time of great economic distress really the right time to argue for greater immigration? "You want to bring more people in?" asks one incredulous GOP aide on Capitol Hill. "That was a hard case to make when ...

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An Immigration Compromise?

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The economic crisis seems to have pushed the immigration debate to the wayside--even though lifting restrictions on foreign workers could arguably be a big stimulus in itself. But that doesn't mean that some on Capitol Hill aren't still trying to bridge the gap between people who don't want any ...

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Cashing In On Climate Change

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Bloomberg's Eric Pooley has one of the oddest arguments I've read in favor of a cap on carbon emissions:

You can cast your lot with the deny-and-delay crowd or join the coal, oil and electric-power executives who are making a place for themselves in the new world. “We want carbon ...

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GOP: No More Bailouts

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Today GOP House members on the Financial Services Committee unveiled a financial regulatory reform package to challenge Obama's still-coming-together plan.

Here's what it intends to do, according to the office of John Boehner:

(1) the government stops rewarding failure and picking ...

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Value-Added Tax Makes A Comeback

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The debate over whether the US should follow Europe's lead and adopt a value-added tax has always simmered beneath the surface, but things seem different this time. For one, we have Bruce Bartlett in Forbes saying the "day may finally be here" when the left and right learn to put aside their ...

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Obama's 'Corporate Welfarism'

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Yesterday Joseph Stiglitz provided another stance on the "is this socialism" debate about Obama's policies toward GM and banks:

America has expanded its corporate safety net in unprecedented ways, from commercial banks to investment banks, then to insurance, and now to automobiles, with no ...

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Did Reagan Cause The 2008 Crisis?

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Paul Krugman wrote a column earlier this week with that provocative thesis. He argued that the Garn-St.Germain Despository Institutions Act was the most important step leading up to the 2008 financial crisis because it deregulated mortgage lending, allowing "alternative" transactions such as ...

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Time For A New Industrial Policy?

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Did a "trade imbalance" contribute to the financial bubble and crisis? Max Fraser in The Nation says it did, and that we need renewed industrial policy to check future imbalances:

This three-pronged approach to protecting autoworkers' jobs--fuel-efficient automotive production, public ...

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A Libertarian Republican Party?

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I don't know any Republicans who think their party doesn't need a new direction. Should the GOP become the party of liberty in the libertarian sense? Shikha Dalmia makes the case at Reason.

They could begin, first and foremost, by showing some embarrassment with the label "conservative."

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