TIME TO CHANGE TACK?: Jobs Report Intensifies Fed Debate - WSJ.com: "- Sent using Google Toolbar"
What works and what doesn't work?
It would seem as though the current strategy of (among other things):
> high and expanded entitlements
> extravagant public pensions and bloated social benefits
> high taxes and multiple layers of high taxes going forward
> unabashed favoritism towards unions over capital and business
> business bashing
etc.
combined with low interest rates isn't working.
Rather than dealing with just the monetary side of the equation (thank you Milton Friedman in years gone by), would it not make greater sense to seriously try and make the investment and business climate in America more job friendly (a la Art Laffer)?
Friday, August 6, 2010
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