Deficits vs. Unemployment: You’re Wrong, America - Exchequer - National Review OnlineThe problem is, more money being spent by the government isn't translating into more jobs.According to a new poll, American voters say that reducing unemployment is more important than cutting the federal budget deficit, taking the Democratic side in what is expected to be an ongoing debate in this midterm election year.
The government response is to spend MORE - but maybe the thing to do is stop spending. To stop overly regulating. To stop making things so chaotic in the financial markets that a business doesn't have a clue which way to jump - because what looks safe to do now is going to cost them penalties out the wazoo next year.
We're stuck with people trying to fix the economy who have only one tool, and only one way they can even think of to use it. And their lack of imagination is possibly ruining it beyond recovery.
J.
Comments (3)
A lot of third world countries that used to be prosperous are poverty-stricken now that they are no longer colonies. Colonialism was not a Good Thing, but what it DID was make things predictable, so the colonial power could do business. It didn't really MATTER whether the legal system was honest or corrupt, so long as it was PREDICTABLE; if, in one country, bribes were useless, and in another, you paid this much to those officials for that sort of judgment,you could do business in either or both. Nowadays, with the colonial powers no longer enforcing things, the countries are being run as family businesses, with the leaders doing things capriciously, and foreign investors are staying away in droves, because the rules keep changing constantly, and it may happen that your investments might get nationalized tomorrow. We are seeing the same thing here, and we are getting the same results.
Posted by John C. | July 24, 2010 5:34 AM
Posted on July 24, 2010 05:34
>>because the rules keep changing constantly, and it may happen that your investments might get nationalized tomorrow.>>
You mean like N.Korea, where they simply changed the fiat money used, made use of the old money illegal, and simply issued each individual xx amount of money? Like _that_ kind of nationalized?? Or just simply seizing everything...?
Posted by suek | July 26, 2010 11:10 AM
Posted on July 26, 2010 11:10
Hard to say - there's certainly a lot of directions things could go - I believe, however that the decision on Kelo v. City of New London opened a real can of worms that has yet to be emptied...
Posted by JLawson | July 26, 2010 12:26 PM
Posted on July 26, 2010 12:26