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Politics : Politics for Pros- moderated

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From: LindyBill	4/2/2008 2:06:29 PM
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Making Americans Poorer (by Don Boudreaux) CAFE HAYEK BLOG By Don Boudreaux on Trade "Clinton Proposes Plan to Make Firms Inefficient" would have been a more accurate headline to this report at Newsweek.com. I sent this letter in response: Courting blue-collar votes, Hillary Clinton promises to use "tax incentives to persuade companies to 'insource' jobs in the United States" ("Clinton proposes plan to keep jobs in US," April 2). Because firms 'outsource' jobs only when doing so lowers firms' costs of production, Mrs. Clinton's proposal amounts to bribing American firms not to lower production costs whenever possible. She wants to encourage American firms to produce inefficiently, which is to say wastefully. In short, she wants us to be poorer than we would otherwise be. Mrs. Clinton's proposal is further evidence that good politics typically is bad economics. Sincerely, Donald J. Boudreaux

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