Saturday, July 3, 2010

How to Achieve Full Employment

In the course of explaining the benefits of unemployment compensation Speaker of the House Nancy Pelosi teaches us something I'll bet few really knew or appreciated: Unemployment benefits are a job creator:

Why hasn't anyone thought of this before? All we need do to achieve full employment is to lay everyone off and send them an unemployment check. What could be easier? When next the Nobel Prizes are awarded for economics I hope the committee gives Ms Pelosi due consideration.

RLC