This week's IGM Economic Experts Panel Statements:
A) The US should increase spending now on roads, railways, bridges and airports (including new projects, maintenance or both).
B) The advisability of increasing federal spending on roads, railways, bridges and airports is independent of whether the US also enacts tax cuts that substantially lower revenues.
Keyword: tech companies
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This week's IGM Economic Experts Panel statements:
A) Allowing US-based employers to hire many more immigrants with advanced degrees in science or engineering would lower (at least temporarily) the premium earned by current American workers with similar degrees.
B) Allowing US-based employers to hire many more immigrants with advanced degrees in science or engineering would raise per capita income in the US over time.
This week’s IGM Economic Experts Panel statements:
A: All else equal, Patent Assertion Entities — which specialize in acquiring and asserting patents and are popularly known as “patent trolls" — promote innovation in the U.S.
B: Within the software industry, the US patent system makes consumers better off than they would be in the absence of patents.
This week’s IGM Economic Experts Panel statements:
A: Advancing automation has not historically reduced employment in the United States.
B: Information technology and automation are a central reason why median wages have been stagnant in the US over the past decade, despite rising productivity.
This week’s IGM Economic Experts Panel poll statement:
Unless they have inside information, very few investors, if any, can consistently make accurate predictions about whether the price of an individual stock will rise or fall on a given day.
Plausible expectations of future dividends, discounted using a plausible risk-adjusted interest rate, explain well the level of stock prices for recently listed internet businesses in 1999.
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