Mises Wire
Author:
Frank Shostak
Online Publish Date:
sense to eliminate unemployment by generating employment programs. For instance, policy makers could follow the advice of John Maynard Keynes and employ individuals Any deviation from the value of his contribution sets in motion corrective competitive forces. Ultimately, what matters for the well-being of individuals is not pumping and government spending. On the contrary, loose fiscal and monetary policies will only impoverish wealth generators and weaken their ability to produce