What's good for the travel industry is good for America

Henry Farrell posts on the latest government boondoggle. He describes the various degrees of silliness at great length, which renders further comment by me unnecessary, a good thing since words rather fail me when contemplating this stupid proposal. To paraphrase Greg Mankiw on the minimum wage, the idea is a subsidy to promote foreign travel to the United States--paid for by a tax on foreign travel to the United States.

This article available online at:

http://www.theatlantic.com/business/archive/2008/07/what-apos-s-good-for-the-travel-industry-is-good-for-america/3758/