Neo-Luddite Hokum from Conservatives Strikes Again
AI doomerism and neo-Luddite sentiments have become increasingly prevalent in recent discourse.
Unemployment
Displaying 1 - 10 of 73
Does a Fall in Unemployment Lead to Stronger Economic Growth?
Ever since the Great Depression, most economists have claimed that the key to increasing economic growth is to lower unemployment. However, increasing the savings rate and building a capital structure are the keys to growth—and lower unemployment.
Book Review: 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19
Greg Kaza reviews Ben Bernanke's 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19. The book is a candid yet self-justifying defense of the Federal Reserve's monetary policy that refuses to acknowledge how stimulus has driven inflation.
Tariffs Mean Lost Jobs
The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.
Congress Should Abolish the Fed for Failing to Achieve Its Mandates
Following World War II, Congress imposed mandates on the Federal Reserve in the areas of employment, inflation, and interest rates. Not surprisingly, the Fed has failed in all three areas. It is time to recognize failure and abolish the Fed altogether.
All Jobs Are Not Created Equal
When politicians claim they are “creating jobs,” they usually mean hiring people for tax-funded government employment. Jobs in private enterprise, however, help to create real wealth and contribute to economic growth and higher living standards.
Tariffs Mean Lost Jobs
The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.
Tariffs, Capital Heterogeneity, and the Real Costs of Intervention: The Aluminum Example
Tariff supporters claim that implementing tariffs will result in new jobs at home. What they fail to point out is that many people depend upon imports for work. The tariffs on Canadian aluminum imports are a case in point.
The Last Metaphysical Right
David Gordon revisits Richard Weaver‘s 1948 classic Ideas Have Consequences and finds that this volume has much to tell us today. This review takes us through Weaver‘s views on property rights and the welfare state, and he found the latter wanting.
Wall Street Prospers While Main Street Suffers
GDP is a ridiculous way to gauge the strength of the economy. While prices on Wall Street remain robust, trouble lurks on Main Street.
