International Liberty

The American economy is in the doldrums. And has been for most this century thanks to bad policy under both Obama and Bush.

So what’s needed to boost growth and create jobs? A new video from Learn Liberty, narrated by Professor Don Boudreaux (who also was the narrator for Learn Liberty’s superb video on free trade vs. protectionism), examines how to get more people employed.

A very good video. There are three things that grabbed my attention.

First, there’s a very fair compilation of various unemployment/labor force statistics. Viewers can see the good news (a relatively low official unemployment rate) and the bad news (a lowest-in-decades level of labor force participation)

Second, so-called stimulus packages don’t make sense. Yes, some people wind up with more money and jobs when politicians increase spending, but only at the expense of other people who have less money and fewer…

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