Media Blog

Paul Krugman vs. Gov. Perry and the Texas Miracle

You can read the whole thing, but Krugman sums it up with this:

What Texas shows is that a state offering cheap labor and, less important, weak regulation can attract jobs from other states. I believe that the appropriate response to this insight is “Well, duh.” The point is that arguing from this experience that depressing wages and dismantling regulation in America as a whole would create more jobs — which is, whatever Mr. Perry may say, what Perrynomics amounts to in practice — involves a fallacy of composition: every state can’t lure jobs away from every other state.

Maybe what Perry might do as president is — well, duh — try to attract foreign manufacturing to America with incentives at the federal level. Or maybe he’ll make it so more American companies find it makes sense to keep their operations in America rather than move them overseas. It’s not cheap labor that Texas offers, but competitive labor. And it’s not weak regulation that Texas offers, but smart regulation. A national economy based on those principles doesn’t sound so bad to me.

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Elections

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Elections

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Media

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In a lengthy reported piece for the New York Times out today, columnist Nicholas Kristof tells the stories of children who were raped or sexually abused and who had videos of their mistreatment uploaded to the Internet pornography site Pornhub. From Kristof’s reporting: Its site is infested with rape videos. ... Read More
Media

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World

Trump Pulls American Troops Out of Somalia

President Trump on Friday ordered almost all American troops to be withdrawn from Somalia, following similar reductions in U.S. military presence in Afghanistan and Iraq. The Pentagon announced that the majority of the approximately 700 troops in Somalia will leave the area by January 15. Many are expected to ... Read More
World

Trump Pulls American Troops Out of Somalia

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Politics & Policy

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Politics & Policy

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Politics & Policy

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Politics & Policy

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