Tuesday, December 30, 2008

Incentives for everything but investment

Nice point about Obama's worldview made by Fred Barnes: it seems that everyone responds to incentives but capitalists:

As president-elect, Obama has talked frequently about the economy but
practically never in the language of free markets. Incentives? He's
mentioned "incentives for fuel-efficient cars" and "economic incentives
that would be helpful" to Iran to improve relations, but not for
capital investment. "Across-the-board tax cuts" or "corporate tax cuts"
or "tax cuts to increase investment"?



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