Ron Paul: Goal is Productivity, Not Jobs
Job creation does not fix things unless the jobs are productive. Ron Paul:
The goal of a healthy economy is productivity. Jobs are a positive outcome of that. A “job” could be to dig a hole one day, and fill it back up the next, or perhaps the equivalent at a desk. This does no one any good. But the value in that paycheck ultimately has to come from taxing someone productive.
Imagine someone wants a well. Digging a hole for the well has value. Imagine another person dug a hole in someone’s driveway. The effort it the same. The hole is less valuable. It may have negative value. The effort was not productive.
Effort is orthogonal to value and productivity.
January 18th, 2009 at 1:38
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