Regulations create jobs? Give me a break!

posted by
November 15, 2011
Fox Business News
by John Stossel  
Posted in Commentary, LAND Commentary, PND Commentary

"An article in the Washington Post questions whether regulations destroy jobs. Author Jia Lynn Yang writes, 'Some jobs are lost. Others are created.' ... But they fall prey to the 'broken window' fallacy that Frederic Bastiat warned about. If a boy breaks a window, Keynesian economists would say he's creating jobs, since the owner of the window hires a glassmaker to fix the window. ... But that work is just what is 'seen.'" (11/14/11)  

Our Sponsors