Thomas Friedman's really bad idea

Learning From Lance – New York Times

Wouldn’t you think that if you were president, after you’d read the umpteenth story about premier U.S. companies, like Intel and Apple, building their newest factories, and even research facilities, in China, India or Ireland, that you’d summon the top U.S. business leaders to Washington to ask them just one question: “What do we have to do so you will keep your best jobs here? Make me a list and I will not rest until I get it enacted.”

Tyler Cowen at Marginal Revolution read the above and thought it was a really bad idea. Perhaps, but only if American business leaders aren’t as smart as the 17th century French who reportedly told their King in reply to a similar query, “Laissez-faire, laissez-passer.” Cut regulation, cut red tape, cut taxes.

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