The expansion of the public sector since 9/11 to promote the mushrooming welfare and warfare states has left very little capital for small business, where 70 percent of job creation occurs. The result: the US economy has had virtually zero private-sector job growth since 4Q 2001.
There are many great shows like these that feature basic economic principles.
Although it is admirable that you are putting up your own money, economic analysis shows that your "solutions" will not work. The so-called root causes of crime and poverty in urban areas today can be tied to destructive government policies such as the drug war, the minimum wage, compulsory schooling, and high taxes.
Did you ever have the feeling that we've been through this before?
The idea is this: in spite of the federal-government's spending at the annual rate of 11 percent of GDP more than it is taking in, there isn't enough stimulus to get our woeful economy going. So, the answer is more spending; indeed, much more spending. If a "shot in the arm" isn't enough, then break out the defibrillator!
Rand's heroes weren't generals or people in law enforcement; they were engineers, inventors, designers — people focused on what they could do with their lives.
The basic principles of Austrian economics are easy to learn.
