Thursday, February 09, 2012

 
 
 

 
 
 
 
 
How to make the unemployment rate collapse immediately
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Monday, February 01, 2010
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From LewRockwell.com:

All this talk of unemployment is preposterous. Think of it. We live in a world with lots of imperfections, things that need to be done. It has always been so and always will be so. That means that there is work to be done, and therefore, always jobs. The problem of unemployment is a problem of disconnect between those who would work and those who would hire.

What is the disconnect? It comes down to affordability. Businesses right now can't afford to hire new workers. They keep letting them go. Therefore, unemployment is high, in the double-digits, approaching 17% or more. Among black men, it is 25%. Among youth, it is 30% or higher. And the problem is spreading and will continue to spread so long as there are barriers to deal-making between hirers and workers.

Read full article...

More on government stupidity:

This is how America goes bankrupt

Paul Krugman just might be on drugs

Why Obama's "spending freeze" means nothing

Topics: Economy | Government Stupidity | Cruxallaneous
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