The Agenda

NRO’s domestic-policy blog, by Reihan Salam.

Against the New Normal


Jim Pethokoukis’s latest NRO column is outstanding. The basic argument is that while the Fed has made a concerted effort to boost growth and employment, Congress needs to “get in the game” by allowing for more skilled immigrants (a policy measure that can coherently be separated from the more contentious question of what to do with unauthorized immigrants) and reducing the corporate tax rate, which, as Robert Pozen and Lucas Goodman have argued, can be done in a revenue-neutral, growth-enhancing fashion. 


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