Monday, January 06, 2014

Job Bank

This Rolling Stone piece suggests policies that aren't particularly new.  The idea of taxing land values at confiscatory rates comes from Henry George, for instance.

A public sector job program should be the least controversial; there is always something productive that can be done, from replacing water mains to refitting high school science labs. Or, my favorite, pulling optical fiber into post offices. Right now, such a program would (still) be a no brainer--converting cheap money into useful physical social capital while putting people and idle private capital to work can only move the economy to a higher long run growth path.

Which we all agree is a good thing, right?