Friday, September 9, 2011

The Lunacy of Imagining that Government Creates Jobs

SEE HERE There is something totally unstable in the political mind and it's seeping into the water or some other vector that is infecting the citizenry. How can we listen to this fairy tale about the government stimulating the economy or creating jobs or any of the other manifold nonsense. Just ask yourself the question: How does this work?

Government is a restraint mechanism. I consumes resources, but it doesn't create any. It is designed to restrain foreign aggressors, maintain order, punish legal offenders, and maintain a support system for a few large scale services like courts, jails, the post office, and national standards. Beyond that it is a drag on the economy and when it interferes it can be a big drag.

So if you want to stimulate the economy you should reduce the size of government. In fact what government has been doing is robbing Peter to pay Paul and pretending that this will stimulate anything. There was a popular internet analogy for this process which was going around for several years. What the government is doing is like going to the deep end of the swimming pool and scooping out water and carrying it to the shallow end to pour back into the pool claiming it will make the pool deeper. Instead we're getting bigger and bigger debt with nothing to show for it but a few poorly conceived temporary jobs of government make-work.

When are people going to wake up to the fact that this doesn't work and has never worked?

FINANCIAL FARCE TROUBLING ASSOCIATIONS

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