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Prieur’s readings (November 7, 2009)
Prieur du Plessis (November 7th, 2009) Writes:
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.
• Economist.com: Jobs gloom, with glimmers, November 6, 2009. America’s jobless rate passes 10% but the job market should start to improve soon.
• Paul Krugman (The New York Times): Why not a WPA? November 6, 2009. A question I’m occasionally asked at public events is, why aren’t we creating jobs with a WPA-type program? It’s a very good question. As it is, job-creation efforts are generally indirect. Tax cuts and transfers in the hope that people will spend them; aid to state governments in the hope of averting layoffs. Even infrastructure spending is routed through private contractors. You can make a pretty good case that just employing a lot of people directly would be a lot more cost-effective.
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