Wednesday, September 19, 2012

Uh...Yeah...

Why QE3 won't work and how the short run is over.  Also this:
If you think that unemployment is high because demand is low and therefore business isn’t profitable, you are empirically mistaken. Business is very profitable, but it has learned to get by without as much labor.
What are we going to do with all these people who need to work to feel productive, make money, and not cause social problems and unrest?  On the East Coast some of the gas stations are full service.  There is one job.  Anyone else have other ideas?  Should we begin giving tax breaks to businesses who create jobs vs. businesses who realize profits through capital gains?  I think so.  I'm not so sure taxing middle class people and forcing them to pay a little bump at the gas station is the most optimal way to spread the wealth around.  But I suppose it'll do better than nothing at the moment.

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