Mon, 19 Oct 2009

Jobs Created

I just cringe whenever I hear Obama or his minions talking about how they created or saved N jobs. As an economist, I'm trained to look for the other side of the coin. Yin and Yang. The coin cannot not have another side if it is to be a coin. So when the government takes money from taxpayers, or prints up new money, or borrows money from China, to spend on creating jobs, I have to ask: how many jobs did the stimulus destroy?

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