A friend of mine sent this to me.
And what I get a kick out of is not the fact they can't find jobs or that once again your beloved Captain has done his job as an economist and predicted things accurately again. I get a kick out of how they don't know if this is "normal" to be out of a job this long. Telling me they have NOT had the basics of economics taught to them (or some slanted, indoctrinist's view of economics was foisted upon them).
Ergo, I believe it is high time for another "Economic Lesson of the Day" by the Captain.
Now, everybody who is graduating would like jobs. And I know you may have been taught jobs come from Barack Obama's Magical Farting Unicorns and we'll just borrow a trillion dollars in some Keynesian thing and then the "pump will be primed" and then there will be a multiplier effect and then boom! Jobs!
But, I'm sorry kiddies. That's not how it works.
You see, you've been misled. The way I can tell is that (1) people in the general population think the government somehow has something to do with creating jobs. they say the "government must do SOMETHING" and (2) MB-freaking-A's can't even explain why they don't have jobs.
Both of which suggest to me you're working from an erroneous premise and that is that somehow the government is where jobs come from.
I've been meaning to make a post titled "The Great Liberal Economic Oort Cloud" (GLEOC) where liberals (and others) typically believe jobs come from government. The reason for the Oort Cloud metaphor is because they don't really know HOW jobs are created by government, but just assume that's where jobs come from. In reality, it is simply people being too intellectually lazy to think the economics of job creation through. They believe the government with its trillions of dollars and businesses and laws and lawyers and all these "really smart professional people" make this nice big "economic Oort cloud" and farts out jobs. It's not their concern how jobs are really created, it's all really too complicated for them to understand. Thank god we have Barack Obama and really smart Ivy Leaguers heading up the GLEOC!
But allow me to pose another theory (which isn't really a theory, it's reality). The Symbiotic Parasite Host Relationship Model (SPHRM).
You see, if you think about it, without an economy, without a people, without businesses, there is no need for government. If you have nothing to govern, then governments would not exist. Ergo, the GLEOC model is flawed because it puts the cart before the horse. If you believe in the GLEOC, then governments existed and people arose in response.
Obviously it's the reverse. With people, with a society, with an economy comes the need for it to be governed.
Therefore it is the government that lives off of the people and the economy.
Now, this FACT makes government a parasitic organization. It NEEDS a host. If there is no economy or society, there is no way a government can form on top of it. And this is not to say that government is bad or that were are using the word "parasitic" in the pejorative. It is needed and ergo why the relationship between the government and the economy is (or at least should be) symbiotic.
Symbiosis aside, the key thing is the SPHRM is correct in that it puts the horse before the cart. Therefore if you want job creation, guess what?
Yep, I'm sorry, that means you have to grow the private sector.
See, there is no public sector if there is no private sector because the private sector is the host the public sector needs. But if you look at how public sector has been crowding out the private sector you are seeing a parasite that has gone form just 3% the size of the host to now 40% (the chart below just shows federal spending, not state).
The host is frankly going into shock and dying.
Now, I know in college you were told by academians and government paid bureaucrats that you could all major in Puppies and Flowers and all get government jobs as "social workers" or "teachers" or "community organizers" or "government consultants" or become professors like them, but unfortunately that is following the GLEOC model. And the GLEOC model is not sustainable.
If you want jobs you have to grow the private sector. Which means doing things like;
1. ELIMINATING (not cut) ELIMINATING corporate taxes and BANNING THEM FOREVER
2. ELIMINATING (not cut) any form of capital gains or dividend taxes
3. Simplify the tax code.
4. Put limits on how large the parasite can grow as a percent of the economy
5. Scale down the size of the parasite itself so that the host may grow again
Of course (and this is where I spend most of my time now thinking and philosophizing about economics because this is really where the crux of this whole economics/political dynamic is being fought) what it funny is you've all been brainwashed from high school on to more or less hate the private sector. You hate "evil corporations." You hate "evil Corporate America." You hate "big oil." You're more than willing to vote more and more regulations to strangle the host. "Hey, let's all go green because it's cool!" "Yeaaa! Corporate Social Responsibility is the NEW MBA TREND!" You are all more or less programmed to be part of the parasite (or at least support the parasite) at the expense of the host.
And as I've been pushing the frontier of this particular philosophy out further, I've realized (sadly) you're so brainwashed no amount of reason, logic or plain ole facts and statistics are going to convince you otherwise. In other words, I've explained to you why you don't have jobs. I've explained to you how to get jobs. But you're so intellectually dishonest and weak your ego cannot sustain the fact you've been duped by previous generations. And since pride is now going to get in the way of truth, thereby condemning the host (and parasite might I add) to death, for me and my SPHRM-subscribing colleagues there's only one thing left to do;
Enjoy the Decline!
(oh! And buy my book which is on Kindle for 99 cents! Buying my book qualifies as enjoying the decline)