Tag Archives: unemployment

The future

    “The government and its chiefs do not have the powers of the mythical Santa Claus. They cannot spend except by taking out of the pockets of some people for the benefit of others.” Ludwig von Mises

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Unemployment in the view of Abbott and Costello

COSTELLO: I want to talk about the unemployment rate in America . ABBOTT: Good Subject. Terrible Times. It’s 9%. COSTELLO: That many people are out of work? ABBOTT: No, that’s 16%. COSTELLO: You just said 9%. ABBOTT: 9% Unemployed. COSTELLO: … Continue reading

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Please help him!

He needs our help.  Don’t let him down.

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Obama, the e-luddit

and I am afraid he will “seriously” do whatever he can in order to destroy this evil: “Layoffs too often became permanent, not part of the business cycle. And these changes didn’t just affect blue collar workers. If you were … Continue reading

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Why minimum wage causes unemployment (II)

A couple of days ago, we were talking about why minimum wage causes unemployment. For those who get lost with graphics, maybe these videos will help: Or maybe this cartoon:

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Why minimum wage causes unemployment (I)

The question is simple:  if the business does not make enough money, it will not be able to pay any money.  By establishing minimum wages the only consequence is that the less-qualified and low productivity workers will be thrown out … Continue reading

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Government Cannot Create Jobs

by Daniel Brackins It never fails that on the radio or television we hear how the government needs to create new jobs. This is especially true in today’s economic climate. While it is undoubtedly good for new jobs to be … Continue reading

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