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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (44359)8/14/2003 5:38:33 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
1.Today in NYT:

Speaking at a press conference arranged by the Economic Policy Institute...Robert Solow...assailed the Bush tax cuts as "redistributive in intent and redistributive in effect."

This is just lazy and disappointing. The remainder of the editorial is blatantly redistributionist, as is the entire EPI website.

To favor redistribution is a perfectly valid policy stance, one with which reasonable people could agree or disagree. But to favor a highly radical version of it yourself while claiming neutrality and accusing your opponents of redistributionism is a tactic designed to win by confusing the natives. It stinks.

2. For three years I've been teaching economics (and a bit of Western Civ) to MBA students from the Peoples' Republic of China. It feels excellent to read stuff like this:

BEIJING - Communist leaders plan to amend China's constitution to formally enshrine the ideology of Jiang Zemin, the recently retired leader who invited capitalists to join the Communist Party, official media said Tuesday...The change would give Jiang a shot at his longtime goal — sealing his place in history alongside his legendary predecessors. Jiang's policies might find a place in the constitution along with those of Mao Zedong, the founder of communist China, and Deng Xiaoping, who launched the country's economic reforms...The news reports gave no details of the possible changes. But foreign analysts say they include the communist era's first guarantee of property rights for entrepreneurs who have driven China's two-decade-old economic boom.

Find more commentary at Samizdata.net.
Link posted by Steve Antler : 8:00 AM

Link posted by Steve Antler : 7:50 AM
www.econopundit.com
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