Saturday, December 7, 2013

Christmas Without Tinsel: Unemployment Really is a Zero Sum Game

Christmas Without Tinsel: Unemployment Really is a Zero Sum Game  Here’s Nancy Pelosi at her annual holiday news conference, promising extra unemployment benefits to all the good little boys and girls who still haven’t had any luck finding a job, lo, these many (5, butt who’s counting?) years:
""Economists agree that unemployment benefits remain one of the best ways to grow the economy in a very immediate way. It immediately injects demand into our markets and increases employment. For every dollar spent on unemployment benefits, the economy grows by, according to one estimate, $1.52; by others, $2. So somewhere in that range, but much more than is spent on it," Pelosi said.

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