The government discharged the temporary census workers, and the economy lost a net 125,000 jobs last month. The unemployment rate dropped to 9.5 percent — because discouraged people left the work force.
The Keynesian strategy for recovery is a rousing success.
Sheldon Richman is the former editor of The Freeman and TheFreemanOnline.org, and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families.
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The Arena is a monthly debate feature designed to help readers explore issues of concern to classical liberals/libertarians.
This month, the issue is immigration. The proposition is: The US should open its borders. Nathan Smith will be arguing for the proposition. A. M. Fantini will be arguing against the proposition.