Tuesday, December 14, 2010

Does unemployment stimulate the economy?

Does unemployment stimulate the economy?  It seems, on it's face, like an absurd economic strategy.  But, upon further analysis - yes, it is absurd.

Keith Olbermann, Nancy Pelosi and other Keynesian Democrats would like to believe that is true. It's simply wrong (and dangerous).

Olbermann's claim:
"The unemployed, unlike the rich ... are, in fact, the job creators"

A panel on PJTV, including Yaron Brooks and Terry Jones, dissects Olbermann's theory here:


UPDATE:  Trickle-up economics via xtranormal.

No comments:

Post a Comment

hostgator promotional code