The (Non) Producers: Obama’s Bialystock and Bloom

"Frederic Bastiat noted in the 19th century that this precise language – “Besides, it is a way of creating jobs for the workers” – is offered to justify every political scheme when the merits don’t persuade. Everything can be said to ‘create jobs’, but at what cost? Just this past Friday night PJ O’Rourke noted, in a dinner speech in Brussels, that everything ‘creates jobs’ including violent crime. But what else happens, as the cost?"

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