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re: The fetish of full employment- Henry Hazlitt vs. Ezra Klein
Posted on 5/19/14 at 5:27 pm to HailHailtoMichigan!
Posted on 5/19/14 at 5:27 pm to HailHailtoMichigan!
I don't understand what point you're trying to make, or even if you have one.
versus
Public works ARE production.
quote:
Ezra Klein recently wrote an article about how joblessness, not inequality, is the great crisis of our time. In typical liberal fashion, he trotted out the good ole' government as a solution to this problem of joblessness- aka public works.
versus
quote:
We can clarify our thinking if we put our chief emphasis where it belongs—on policies that will maximize production.
Public works ARE production.
2
Posted on 5/19/14 at 5:31 pm to Rex
quote:Digging ditches and filling them up again is not production. Building unneeded things just to employ people is not production.
Public works ARE production.
And public works require taxation. Every dollar spent on public works is a dollar that cannot be used in the private sector.
And that's exactly what the WPA was. It was makework political shite.
The WPA was NEVER sold as a production project. It was sold as an employment bill.
This post was edited on 5/19/14 at 5:34 pm
Posted on 5/19/14 at 6:32 pm to Rex
quote:
Public works ARE production.
a. not net (whatever money we use to pay for government projects comes out of the private market, either today or tomorrow)
b. his quote spoke of "maximizing" production, which can never be confused with government work
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