Suchergebnisse

THE ANSWER TO UNEMPLOYMENT AND LOW SKILLS IS NOT TO CAMOUFLAGE THE PROBLEM AND REDUCE INVESTMENT, WHICH EVERY JOB CREATION PROGRAM PROPOSES, BUT TO REDUCE THE GOVERNMENT-IMPOSED IMPEDIMENTS AND DISINCENTIVES TO THE DEVELOPMENT AND EXCHANGE OF LABOR. GOVERNMENT RESTRICTIONS ON HIRING YOUTH AND PAYING MINIMUM WAGES MAKE IT UNPROFITABLE FOR BUSINESS TO HIRE MILLIONS OF LOW-SKILLED PEOPLE. GOVERNMENT ECONOMIC POLICIES THAT DISRUPT THE ECONOMY WITH INFLATION AND CREDIT SQUEEZES PREVENT THE ACCUMULATION OF CAPITAL NECESSARY TO START OR EXPAND BUSINESSES.

THIS IS THE STORY OF HOW HANDFUL OF ISOLATED INCIDENTS BECAME JUSTIFICATION FOR VASTLY INCREASING DEPENDENCY IN AMERICA; HOW A TRIVIAL NUMBER OF EXAMPLES STAMPEDED CONGRESS INTO A SWEEPING EXPANISION OF THE WELFARE STATE; HOW CONGRESSMEN REPEATEDLY EXAGGERATED THE EXTENT OF HUNGER IN ORDER TO JUSTIFY TRYING TO FEED EVERYBODY; AND HOW GOVERNMENT, EVEN THOUGH IT INCREASED SPENDING TWENTYFOLD, STILL COULD NOT ACHIEVE ITS ORGINAL GOALS. THIS IS ALSO THE STORY OF GOVERNMENT AT LOGGERHEADS, AS ONE PROGRAM SPENDS $18 BILLION A YEAR TO SUBSIDIZE DIETS WHILE OTHER PROGRAMS AND REGULATIONS DO EVERYTHING POSSIBLE TO RAISE FOOD PRICES, IN EFFECT PREVENTING THE POOR FROM GETTING ADEQUATE NITRITION AS CHEAPLY AS POSSIBLE.