Friday, February 15, 2013

James Heckman's 30 Second Media Clip on Investing in Kids

Who can oppose a public policy that causes economic growth and reduces income inequality?  In this NBC clip, Jim Heckman concisely makes his case for early interventions.   The only problem with Dr. Heckman's solution is that the investment's effects will only be observed in the medium term and policy makers want instant results.   I would suggest sharply raising the gas tax and using this revenue to finance Heckman's field experiment.