ARCHIVE

Unemployment

JULY 02, 2009 by KEIR KETEL

Unemployment is one of the key indicators economists and politicians use when assessing the strengh of the U.S. Economy. Unemployment is generally causes by weakening economic conditions including profit declines, low growth, high rates of inflation, and improper monetary balance. When Unemployment occurs the economy is said to not be maximizing its potential output and failing to utilize its capital.

Whenever Unemployment reaches levels that lawmakers and central bankers find unacceptable, they amend the current policieis to stem the negative effects. If people are unemployed it is assumed that they will not be spending as much as they would be were they employed. One program, unemployment insurance, was created to address the fallout in consumer spending. Solutions to ameliorate the effects of unemployment such as the stimulus bill will only be discussed more and more until the financial crisis subsides. The information that follows discusses the negative effects of those stimulus efforts and the importance in maintaining a free and flexible market to solve this problem.

Articles

EMAIL UPDATES

* indicates required
Sign me up for...

CURRENT ISSUE

July/August 2014

The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION

THE ARENA

Spooner v. Bentham on Natural Rights

Which way do you lean on natural rights? Who do you find yourself agreeing with most often, Spooner or Bentham?