Thursday, March 01, 2007
Cafe Hayek blogger and GMU Economics professor Don Boudreaux comments on the argument made by Sebastian Mallaby and others about the alleged need to compensate the losers from free trade by job training programs. Like me, he doubts the usefulness of these programs. And he also makes the good point, that even had these job training programs been just and efficient, this wouldn't justify tax hikes. With government spending up sharply in recent years, there's more than enough "fat" that could be used to finance these job training programs.