Sunday, February 21, 2010

Becker, Posner Diss the National Export Initiative

Posner: "Of all the 'job programs' undertaken or contemplated by our government, the President’s plan to double exports in five years seems to me the most fatuous."


Becker: "Posner shows, among other things, the basic impossibility of doubling US exports during the next five years. I consider whether such a policy makes sense, even if it could be achieved. My short answer is that it does not."


Be sure to read both posts in full.  There's lots of good, thought-provoking stuff in there on the NEI and other aspects of US trade and economic policy, as well as China's much-debated currency policy.

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