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Reason Foundation

Reason Alert: Intangible Wealth, Paying for Roads

October 5, 2007

Mexican Migrant to the U.S. Is Five Times More Productive
"A Mexican migrant to the U.S. is five times more productive than one who stays home. Why is that? The answer is not the obvious one: This country has more machinery or tools or natural resources. Instead, according to some remarkable but largely ignored research -- by the World Bank, of all places -- it is because the average American has access to over $418,000 in intangible wealth, while the stay-at-home Mexican's intangible wealth is just $34,000. But what is intangible wealth, and how on earth is it measured? And what does it mean for the world's people -- poor and rich? That's where the story gets even more interesting." - In a Wall Street Journal op-ed, Reason magazine's Ronald Bailey delves in the secrets of intangible wealth.
» Bailey: Do Patents Actually Impede Innovation?

Paying for Roads
With toll road battles raging in Texas and the Pennsylvania legislature's rejection of Gov. Ed Rendell's proposal to lease the Pennsylvania Turnpike, Reason Foundation's Robert Poole examines where the toll road debate is headed and how we'll pay for major road projects in the future.
» Annual Highway Report
» Study: How Bad Will Your Traffic Jams be in 2030?

Revisiting the Danish Cartoon Crisis
Over a year after the Danish newspaper Jyllands-Posten published the infamous cartoons of Mohammad — one of which portrayed the Muslim Prophet carrying a lit bomb in his turban — Reason magazine's Michael Moynihan says Denmark "is still noticeably on edge." Moynihan sat down with the man responsible for printing the cartoons, Jyllands-Posten's culture and arts editor Flemming Rose, to discuss the cartoons and today's political climate.

Join Us in DC on Oct. 9
Why do the British drink beer and the French drink wine? In his new book, War, Wine, and Taxes, George Mason University economist John V.C. Nye debunks the myth that Britain was a free-trading nation during and after the Industrial Revolution by revealing how the British used tariffs - especially on French wine - as a mercantilist tool to weaken France and to appease domestic brewers and other politically connected special interests. At 5 p.m. on Tuesday, October 9, in Reason's DC office near Dupont Circle, Professor Nye will discuss his book with Reason magazine's Editor-in-Chief Nick Gillespie and field questions from the audience about trade policy and its effects on the growth of government. And, under the direction of the French Wine Society, we'll sample a variety of fine wines that will make any protectionist rethink his or her position on free markets. For more information, or to RSVP, please email events@reason.com.

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Al-Qaeda's Forerunner
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Climate Change Confabs
Carbon limits, technological breakthroughs, or both?
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California Licenses Most Jobs in Nation
Regulations protect existing business interests from competition
Adam B. Summers



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