Tagged: unemployment

Subsidizing idleness.

U.S. economic policy has arrived at the place where able-bodied people are making the dollars and cents determination that they are better off staying at home collecting unemployment benefits than they would be if they got up and went to work.

Everything comes at a price.

Appropriate policy occupies some indeterminable spot on a continuum between taking no special action whatsoever on one extreme and completely stopping all industry, commerce and interpersonal transactions on the other.

He said it because he believes it.

Only someone with a faculty lounge worldview could say with a straight face that the problem facing the economy derives from the fact that state and local governments need more money from the federal government in order to hire more government workers.

The relentless drip.

For a few days on vacation with my family in the Rocky Mountains of Colorado, the cool air, the absence of a television and a paucity of cell service worked to shield me from the constant drip of bad economic news. But of course, it couldn’t last.