Killing the Economy to Create Jobs


Any job created for the sake of employment is as bad as having some people dig holes, while others fill those holes back in...no matter how pretty the description given.

Neither the government, nor any business in the private sector, should be specifically trying to “create jobs”.

That is like noticing that a healthy, fit man’s heartbeat is slower than a fat, sick man’s heartbeat, and therefore going around giving people drugs to slow their hearts: You are treating the symptom, but aggravating the problem.

Job creation must always be a natural symptom of a healthy economy.  Anyone trying to create a job for the sake of employing someone is only increasing inefficiency, leading to more lost jobs in the long run.

That is the sort of “stimulus” that got us into this mess in 2008, and exactly what is keeping us in it.

Makework jobs kill the economy the same way drugging fat, infected people to slow their hearts would kill human beings.

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Keynes is Dead, Long Live…Keynes?


Each time a government has tried to spend its way out of a depression, the result has been ongoing economic failure

John Maynard Keynes was an economist…or at least a political activist who used economic-sounding arguments to justify government intervention.

In the 1930s, he was THE economist, if you believed in that government intervention.

But, as we all know, his Theory proved to be a complete failure. It failed to produce results during the Great Depression, but staggered on until the 1970s, when it failed so spectacularly, causing staflation, that it was pronounced dead, even by Liberals in the US and open socialists around the world.

But, unfortunately, George Bush came along in 2001, and after having run as a free marketer, governed as a Keynesian. He infected the political scene with the premise that you could stimulate an economy out of a downturn, by having the government spend massively, even as it increased regulation (in part, by putting strings on the spending). When the economy fell into trouble because of his bad foreign and domestic policies, he responded with Stimulus and Bailout™ packages. That trademark, of course, means that he must pay the Keynes estate a royalty for each mention.

Obama, having run as the Anti-Bush, has committed the perplexing political suicide of simply building on every Bush precedent…most of which really are more Liberal Democrat in tenor, anyway…and one of the symptoms is that he continued the Stimulus and Bailout™ packages.

The problem, as we predicted and is now proving true, is that stimulus spending and bailouts don’t help the economy: They hurt it.

This pattern of behavior has caused what people denying the word Depression call a “double dip recession”, which we’re entering (again) right now.

The only way out, is to end the Keynesian meddling, and let the economy grow on its own. Japan and Sweden learned this the hard way, after each suffering a “lost decade” in the nineties. Now it’s our turn.

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