they're just printing it, which weakens the dollar.
Bottom line is that we do NEED jobs for these folks.
If you have a better way to create them - besides funding them - please share. This 8% or more inemployed population is a spiral who stops spending and causes more unemployment in turn.
Are tax cuts the answer? We tried them for the last few years and they just helped the top 5% to funnel money to Forex and overseas mnfg.
Really, if anyone has a better idea for creating 3-4 mil american jobs, pleas share it
If the free market was allowed to function, like it did in the 18-1900's unemployment is corrected by wage decreases in industry.
Increased productivity drives prices down, but that is all robbed from us by the inflationary federal reserve. Deflation is not a bad thing when you have sound money, because the decrease in wages, will facilitate a decrease in prices. The economy is allowed to correct itself as it goes.
However, in Keynesian economics
fiat currency deflation is DEVASTATING as we are seeing right now.
You want to help Americans? Cap every credit card interest rate at 10% People can instead save or spend the money instead of funneling it into the banking industry which produces NOTHING of tangible value.