As long as I can remember, politicians have promised jobs.
When not promising tangible pork-based jobs, most of these promises turn out to be the economic equivalent of the computer industrys famed darker side: vaporware.
Call it vaporwork.
Politicians provide the vapor. Thats the easy part. The actual work? Well, how much work do politicians cause us to engage in just to unbury ourselves from their silly, wealth-extracting regulations, requirements, registrations and legalistic refinements? I know, I know: Every time they add on some new complication to the tax code, jobs emerge in the accounting and tax-consulting industry. But this doesnt exactly make us better off, does it? Not on net.
I guess there are some things government can do to ensure that jobs get created, out there in the bill-paying, profit-making world. But these things amount, mainly, just to doing a few things right and then shutting up about it.
But just try to get a politician to
(a) do something right, and
(b) shut up about it!
Our previous president may have been tempted to keep mum now and then, since he wasnt exactly Demonsthenes. But our current president has orator written all over him, so he never ceases promising things. Eloquently.
He promises, for instance, to create jobs by spending trillions of borrowed money.
But more than half of those jobs turn out to be government jobs.
Government jobs dont count, Mr. President. Many things governments do actually drain us. Jobs in the marketplace, on the other hand, serve real consumer demand, make us all better off. They also help pay the taxes for those government jobs. Employing more people in government means needing more real jobs to pay for the government ones.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins