facebook

StatCounter

  • StatCounter
Blog powered by Typepad

« The New York Times & The Israeli-Palestinian Conflict | Main | "The Sacred and the Humane" »

07/18/2011

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Jimbino

This post shows such ignorance of history and economics that it's hard to respond. But here it is:

1. Unemployment is desirable. It is what Adam and Eve had until they sinned.

2. World trade, including the international labor market, increases the wealth and well-being of Americans. We could give lots of employment to Americans doing more coal and gold mining, petroleum exploration, growing of bananas, papayas and sugar cane, but that would be idiotic. Of course, it would be sensible to increase production of those things Americans do best and then trade with Brazilians and Mexicans, for example, who are much better at growing even things like cotton, peanuts and strawberries. The problem in America nowadays is that we're systematically keeping our kids in public schools, depriving them of the STEM instruction so sorely needed for classic American invention and innovation.

3. Lamented here is that the British didn't grow their own tea and cotton, harvest furs and pelts, for chrissake, in preference to trading with their colonies. Idiotic, as well.

4. Corporations, for reasons of meeting competition, have to test the limits of what the law allows, just as taxpayers have to test the limits of tax laws in order to minimize their taxes, an activity certified by SCOTUS. Read Ayn Rand and repeat: PROFIT is GOOD. SELFISHNESS is ESSENTIAL.

5. Yes, the government could achieve 100% employment in Amerika by hiring half the people to dig holes and the other half to fill them up again. It is obvious that rate of employment is the measure of nothing essential to our national welfare. If it were, we'd stop all the breeding and make women produce something we actually needed.

6. The writer needs to explain how it is that Singapore and Hong Kong have full employment by ignoring all his advice.

The comments to this entry are closed.