Thursday, May 22, 2014

RealClearMarkets - 10 Things Economists Believe

RealClearMarkets - 10 Things Economists Believe
Rent control limits quantity/quality of housing93 %
Tariffs and quotas reduce economic welfare93 %
The United States should not restrict employers from outsourcing work to foreign countries.90 %
Floating exchange rates are effective international monetary policy90 %
The United States should eliminate agricultural subsidies85 %
The gap between Social Security funds and expenditures will become unsustainably large within the next fifty years if current policies remain unchanged85 %
Large federal deficits adversely affect the economy83 %
Welfare should be administered as a negative income tax79 %
A minimum wage increases unemployment among young and unskilled workers79 %
Taxes and permits are a better way to control pollution than pollution ceilings78 %

Looking back on some arguments about what "mainstream economists" believe, I marvel at how small a "mainstream" can be.

No comments: