Breaking through on Job Creation

Bill Drayton

Chapter 4 in Learning from the World, 2014, pp 51-53 from Palgrave Macmillan

Abstract: Abstract These days our economic policy options seem constrained and unhelpful. If we don’t want to go off the debt cliff, we can choose austerity, cut trillions in spending and renege on basic obligations of government, from Social Security to defense. If we don’t want to gamble on more deficit spending to (re)stimulate a fragile recovery that can’t seem to create jobs, we can let the labor market fend for itself and lock in sky-high unemployment for many years to come, with all its attendant social ills and massive government dependency costs.

Keywords: Fiscal Policy; Relative Price; Wall Street Journal; Social Security Financing; Deficit Reduction (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37213-0_4

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DOI: 10.1057/9781137372130_4

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