Friday, September 9, 2011

Tibor Machan on the American Job Creation Act

Machan writes:
Jobs are created when people who have earned an honest buck go to the market and purchase goods and services that other people need to produce. If a good many go to the market to do this, there will be many jobs; if only a few, there will be few jobs. Moreover, only if the people get to choose what purchases they make in the market will the resulting jobs be more than make-believe or artificial jobs, like digging holes and filling them up again...

The entire plan of the jobs bill amounts to nothing more than artificially manufacturing jobs, from phony money, creating phony demand. And this doesn't even address the issue of Mr. Obama's favorite superstition, namely, his idea that he can somehow turn America into a showcase of green life without incurring massive expenses for this, expenses the country cannot afford.

read the entire essay

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