The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Friday, February 3, 2012

What Can Government Do to Create Jobs?

From The Mercatus Center:


by Matthew Mitchell
Mercatus Center
February 01, 2012
While we may not know how to instantly breathe life back into a sick economy, economists do know a great deal about how government can create an environment which is conducive to growth. There seems to be a lack of consensus among economists on how to create jobs. Almost everything we know about stimulus comes from either theoretical models or from so-called “quasi-natural experiments” in which economists look at somewhat random changes in government spending to draw conclusions about its effects. Instead of implementing a quick fix, we should be creating the conditions that are necessary for long run economic health; we should be enhancing economic freedom. That means permitting citizens choice, free and voluntary interaction, open market competition, and the rule of law.

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