Friday, August 03, 2012

The Economic Consensus : Planet Money Style

I talk about the Economic Consensus all the time in class and other venues. There are so many policies that economists across the political spectrum would almost all agree on that don't get adopted, mostly for political reasons. Planet Money did a good job (and picked great people) laying out a 6 plank platform that most every economist would get behind but pretty much no politician would.

1. eliminate the mortgage tax deduction
2. eliminate the health care tax deduction
3. eliminate corporate taxes
4. replace income and payroll taxes with consumption taxes
5. tax carbon
6. legalize marijuana (not sure about this one)

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