Monday, February 22, 2016

The Return to High Growth: What Would Do It

Recent arguments focus on the preposterousness of returning to high growth with Democratic and Republican Party prescriptions, raising the question of whether any set of policies would achieve high growth.

Yes, they could by:
  1. Enacting large Pigouvian taxes on negative externalities.
  2. Stopping migration to the West.
  3. Reducing one-sided, totalitarian trade ("free trade").
  4. Sending most secondary students to work or vocational schools.
  5. Enacting eugenic policies.
  6. Eliminating the U.S. Army, Marine Corps, and the Department of Homeland Security. (No army, no COIN. Less temptation to pivot to Asia or elsewhere. Let fake allies pay for their own armies. And less temptation for the ruling groups to use the military against American civilians.)
  7. Providing fiscal stimulus equal to shortfalls in demand.
  8. Strictly regulating finance.
  9. Slashing government spending on post-secondary schools, bringing back civil service exams.
  10. Increasing taxes on the super rich.
  11. Eliminating most tax entitlements.
  12. Eliminating payroll taxes.
  13. Paying Muslims and other individuals of mass destruction to leave the West.
  14. Implementing thousands of other reforms.
But these are policies establishment parties will not do.

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