Re:We Can All Become Job Creators
by brc on Wednesday October 19, 2011 @10:31PM
(#3133149)
Well I'm with you, but would just like to add the intention should not necessarily be full employment but full production.
We talk about jobs as the most important things, but in reality it is maximising production that is the most important thing. If every farm maximised production, then food becomes more plentiful. If every factory maxmises production, then goods become more plentiful.
The fascination with GDP (as a monetary figure) and Jobs, to me, is looking at the wrong metrics.
There is plenty of capital around. A lot more would come out from the shadows if it found productive uses. But trying to force capital out by lowering the price you can get on it (ie,lowering interest rates) is a bizarre way of going about things.
The key has to be on increasing productivity. This includes not wasting human and monetary capital on pointless schemes (ie, make work schemes and losing investments). The rest will fall into place once this is done.
We talk about jobs as the most important things, but in reality it is maximising production that is the most important thing. If every farm maximised production, then food becomes more plentiful. If every factory maxmises production, then goods become more plentiful.
The fascination with GDP (as a monetary figure) and Jobs, to me, is looking at the wrong metrics.
There is plenty of capital around. A lot more would come out from the shadows if it found productive uses. But trying to force capital out by lowering the price you can get on it (ie,lowering interest rates) is a bizarre way of going about things.
The key has to be on increasing productivity. This includes not wasting human and monetary capital on pointless schemes (ie, make work schemes and losing investments). The rest will fall into place once this is done.