I just cringe whenever I hear Obama or his minions talking about how they created or saved N jobs. As an economist, I'm trained to look for the other side of the coin. Yin and Yang. The coin cannot not have another side if it is to be a coin. So when the government takes money from taxpayers, or prints up new money, or borrows money from China, to spend on creating jobs, I have to ask: how many jobs did the stimulus destroy?
posted at: 04:00 | path: /economics | permanent link to this entry