Oct 5, 2009
Specifically, What Should Be Done For Jobs?
Specifically, we should stop listening to ex-government employees and economics professors. Former Secretary of Labor Robert Reich falls into the camp of those who confuse the federal government with Microsoft. So in a blog post today , he urges the federal politicians to take money from one group of people and hand it out to small businesses in the form of loans. This, apparently, will “create jobs”.
Mr. Reich fails to notice the other side of the coin – all the jobs destroyed and people thrown into poverty by the removal from their lives of the funds he wishes to dispense so freely to his favored groups. Mr. Reich should spend less time blogging and more time reading Bastiat, where he can learn exactly what the phrase “the seen and the unseen” is all about.
Mr. Reich fails to notice the other side of the coin – all the jobs destroyed and people thrown into poverty by the removal from their lives of the funds he wishes to dispense so freely to his favored groups. Mr. Reich should spend less time blogging and more time reading Bastiat, where he can learn exactly what the phrase “the seen and the unseen” is all about.