Wednesday, December 21, 2011

The 5 worst economic ideas of 2011 (and 12 great ones for 2012) « The Enterprise Blog

Here’s the list of good ones.  #Occupy leads the list on bad ones.

1. Pay teachers more but get rid of tenure so the bottom five percent of teachers can be replaced by even average ones.

2. Encourage more high-skilled immigration.

3. Reduce regulatory barriers to new business creation.

4. Replace payroll taxes with more economically efficient ones.

5. Phase out and eliminate pricey and market-distorting subsidies like the mortgage interest deduction.

6. End Too Big To Fail.

7. Eliminate the tax code’s bias against investment.

8. Move toward market-friendly entitlement reform like Wyden-Ryan.

9. Create a patent system with the length of legal protection depending on the cost of innovation and imitation.

10. Establish more innovation prizes.

11. Have fewer kids in college getting liberal arts degrees, more in business-run worker training programs.

12. More investment in basic research, not in crony-capitalist, industrial policy schemes like Solyndra

The 5 worst economic ideas of 2011 (and 12 great ones for 2012) « The Enterprise Blog

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