The Palmetto Insider

The blog of the South Carolina Policy Council

The Fiction Of Government Job Creation

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This is especially relevant today – from Bloomberg:

“Government job creation is an oxymoron,” said Bill Dunkelberg, chief economist at the National Federation of Independent Business. It is only by depriving the private sector of funds that government can hire or subsidize hiring.

That’s why “jobs created or saved” is such pure fiction. It ignores what’s unseen, as our old friend Frederic Bastiat explained so eloquently 160 years ago in an essay.

… ‘Nuff said.

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Written by Jameson Taylor

October 30, 2009 at 4:51 pm

Posted in Capitalism, Economics

Tagged with ,

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