FOUNDER AND CEO, INTEGRANET HEALTH
![Lawrence J. Wedekind](https://www.goodmaninstitute.org/wp-content/uploads/2021/09/Lawrence-J.-Wedekind.jpg)
FOUNDER AND CEO, INTEGRANET HEALTH
CEO, TYPHON CAPITAL MANAGEMENT
CEO, NORTH AMERICAN NATIONAL RISK SERVICE, LLC
FORMER MEMBER OF CONGRESS
PRESIDENT, JACKSON HEALTHCARE
DIRECTOR
PRESIDENT AND CEO
CHAIRMAN OF THE BOARD
The long-run loss to the US capital stock is roughly 6 percent and the long-run decline in output is roughly 2 percent. We predict a roughly 2 percentage-point reduction in wages of US workers, with a larger reduction in the wages of high-skilled workers. Changes of this magnitude could significantly offset the micro gains to low-wage and middle-wage workers of Biden’s fiscal reforms.
In 1973, John Baden and Richard Stroup proposed selling off the U. S. Forest Service to private owners, some nonprofit and some for-profit. In an article in the Journal of Law and Economics, they argued that commercial timber would be better managed by private companies, and non-profit organizations like the Sierra Club could protect the important environmental areas.