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I don't understand why it is so difficult to kill bad ideas. You can't just magic your way to full employment, the economy does not work that way. "Public sect
by pg_bot 9y ago
I don't understand why it is so difficult to kill bad ideas. You can't just magic your way to full employment, the economy does not work that way.
"Public sector employment subsidies tend to have negligible or even negative impacts at all horizons."[0]
[0]: http://ftp.iza.org/dp9236.pdf http://ftp.iza.org/dp9236.pdf
- jackhack 9y agoCommunism/Socialism/central planning is making a comeback. It is though every generation must personally re-learn all the painful lessons of history. Quite distressing.
- gibbitz 9y agoThe WPA and it's role in coming out of the depression are also lessons from history that people need to re-learn. Everything in moderation.