Tuesday, July 10, 2012

Thomas Sowell Speaks S-L-O-W-LY and Clearly on Jobs

The government can't create jobs!

Word!

"There is no free lunch in the job market, any more than there is anywhere else. The government can always create particular jobs or save particular jobs, but that does not mean that it is a net creation of jobs or a net saving of jobs."

"The government can create a million jobs tomorrow, just by hiring that many people. But where does the government get the money to pay those people? From the private economy -- which loses the money that the government gains."

"With less money in the private sector, the loss of jobs there can easily exceed the million jobs created in the government or in industries subsidized by the government. The Obama administration's creation of "green jobs" has turned out to cost far more money per job than the cost of creating a job in the private sector."

Read the whole thing!