The Best of the Blogosphere
1) Fundmastery offers up a revealing chart on international gasoline prices.
2) The New Economist points to new research showing that skilled immigration boosts innovation.
3) Greg Mankiw prefers Obama's cap-and-auction plan to McCain's cap-and trade plan.
4) To Larry Kudlow, McCain's climate plan looks a bit like Hillary Clinton's indecipherable healthcare plan:
I don't claim to understand everything about the cap-and-trade mechanism. But scanning the McCain announcement, I look at bullets like banking and borrowing permits; unlimited initial offsets; integrating with international markets; strategic carbon reserves; early allocation of permits; U.N. negotiations; climate-change adaptation plans; implementation at the local level; comprehensive plans for infrastructure ecosystems; resource planning...O my gosh!
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skilled immigration boosts innovation
Nonsense. The US was leading in industry and technology in the 60's, when businessmen and their lackeys in Congress decided to target the science and engineering community with massive influxes of third world techs to lower wages.
After forty years of displacing top US people with cheapo third world hacks, US industry and manufacturing is moribund, forced to compete on the basis of labor costs with countries like China due to a dearth of innovation. Japan with no immigration has forged ahead in many areas such as automotive engineering and electronics.
There have never been any shortages of scientists and engineers in the US, and flooding this country with cheapo immigrants from the third world merely results in the bad displacing the good. Businessmen and economists have no real understanding of the tech world, the patent system, and innovation and tend to mistakenly regard surpluses of techs regardless of quality or culture, low wages, and political correctness (importing dark skinned workers) as meritorious.
May 13, 2008 16:03:51 PM [permalink] [report comment]