Richard Epstein on the Election Results

http://www.futureofcapitalism.com/2010/11/richard-epstein-on-the-election-results

Libertarian law professor Richard Epstein has a new Forbes column up about the election results:

The good news is that the incoming crowd could not repeat the blunders of the outgoing Congress even if it tried. Divided government counts gridlock as its greatest virtues. Even a long overdue political bed rest from the next round of Obama legislative mischief should provide a strong tonic for the economy....

What is needed ...is a return to the strong libertarian agenda of deregulation in many areas. Start with easing all the restrictions on employment so that it actually makes economic sense to hire people on terms and conditions that make sense for workers and employers alike. Then push forward a free trade agenda that removes all the bottlenecks to the movement of labor, goods and capital across national boundaries. Then be relentless in the opposition to the continued dominance of public unions. And finally open up education to competition from the private sector, including the for-profits, so that entrenched public institutions do not continue to hold their implicit monopoly position.

by Editor  |  Nov 3, 2010 at 10:53 am Related Topics:  Education, Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list