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re: .
Posted on 3/27/14 at 9:44 pm to ChineseBandit58
Posted on 3/27/14 at 9:44 pm to ChineseBandit58
quote:
Difference in emphasis.
Conservatives would say "jobs were created" meaning the economy grew probably due to tax cuts or deregulation.
I'm going to put you down for "no."
What I am talking about is something that I hear pretty much daily. There's some government program, government department, or market intervention that is touted as creating jobs.
It happens more on a state and local level, although Solyndra is a famous example on the Federal side - particularly because it went belly-up. Even if Solyndra would have succeeded, I would still cringe at the thought that government created jobs by propping Solyndra up. Everything comes from something and nothing happens in a vacuum. Economic multiplier effects be damned.
I remember thinking that my economics professor was a tool for repeatedly telling us that ANY intervention or favoritism by government results in decreased efficiency for an economy as a whole. Now, I'm not so sure. I suppose I am getting old.
Posted on 3/27/14 at 10:00 pm to Asgard Device
Your prof was correct. Private jobs is driven by profits. Profits is driven by many things including efficiency and proficiency, which you will never get with gov jobs
Posted on 3/27/14 at 10:15 pm to Asgard Device
quote:
They can create jobs easily enough, it's a question of if the capital expended to create these jobs could have been more productive if left in the market. The answer is almost inevitably yes.
quote:
I remember thinking that my economics professor was a tool for repeatedly telling us that ANY intervention or favoritism by government results in decreased efficiency for an economy as a whole. Now, I'm not so sure. I suppose I am getting old.
I basically agree with the above with a few exceptions. I think expenditures on setting up a basically orderly society (court system, law enforcement, patent office, etc) creates a basic framework in which business can thrive.
Businesses do better in a minimal government setting than in anarchy.
Also spending on infrastructure: roads, water, sewage, power, etc. (Not that the construction of these things cannot be contracted to a private party.) Again, allows commerce to take place in a more efficient manner.
Lastly, education. Public education is a boon to the economy as screwed up as it is.
But those aren't what most politicians mean by "creating jobs."
And most jobs "created" at the state and local level are really just jobs swiped from another state or locality. But in the case of Louisiana getting those jobs, screw those other states!
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