to funnel through a bureaucratic system and give, six months later, 25 cents on the dollar to some guy who lost his job in the widget factory........
I would have spent on a widget, invested in the widget company, or at least deposited in the bank that provides the widget company a line of credit, and the widget factory would not only have cut back the second shift but started a third?
We've had this debate, we've tried it both ways, and the results are clear - - - when we do it their way we get double digit unemployment AND inflation, and when we do it our way we get low unemployment and low inflation even at the peak of the interest rate cycle.
Are people better off with a meagre handout in a poor economy or a job in a strong one?
You can't have it both ways.
2007-09-20
05:06:56
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14 answers
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asked by
Anonymous
in
Politics