Sunday, September 11, 2011

Anthony Wile on the American Jobs Act

Wile writes:

I've noticed that an old and misleading dominant social theme has taken center stage in America lately. It's the idea that politicians and the political process itself can create jobs.

Of course, government can't create jobs. Government can make things worse, but it can rarely if ever make things better...

Government doesn't create anything of value. It merely taxes and spends. It is impossible for the government to "create" jobs – and the Keynesian nostrums claiming that government can "stimulate" the economy by creating make-work employment are not feasible – and never really were.

read the entire essay

No comments: