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.
By -
Labels: , , ,

1 comment:

  1. Steve BannisterSeptember 10, 2011 at 12:11 PM

    Precisely. Thats why I am nagging on just do the darned f***ing jobs (now, now, don't jump to conclusions). That is the twofer that reduces immiseration and increases effective demand about as effectively as you can.

    ReplyDelete

Subscribe to: Post Comments (Atom)

On the GDP data and the risk of a recession

For the most part what I suggested here , a month ago or so, seems to be essentially correct [the video is not very good, and it continued s...

  • A reply to Wray - Part I
    By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...
  • Blog Moving to Substack (and first post)
    "Where is Everybody?" The blog will continue here for announcements, messages and links to more substantive pieces. But those will...
  • Hyperinflation in Bitcoinland
    There are Gold Bugs and there are  Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s...