Hemlock for economic students
(Putting effective demand in the long run and prices of production together)
Saturday, September 10, 2011
Paul Davidson on Obama's job speech
Here is a link to an interview with Paul Davidson. He makes it clear why a payroll tax cut and other incentives to hiring will not be enough to create new jobs. Lower costs will not lead to hiring if there is no demand. It's not just basic economics, it's simple logic.