Defenestrating Thoughts from the Bivouac

It amazes me that people still think that government is the answer to all our problems. The fundamental truth is that government cannot create jobs. At best the government can re-distribute capital and perhaps bring demand forward, which just delays the problem and makes it worse.

Without needlessly repeating myself, let’s think of it this way: if government can create lasting jobs, why is there ever unemployment anywhere in the world? (HT: Mish)

Furthermore, we saw record deficit spending under Bush and look at where we are. How is even more record deficit spending going to make it better?