Monday, August 23, 2010

Destroying Jobs Is a Good Thing

Now that your interest is piqued, read Steven Horwitz' article in Freeman.  Here is a taste:
"Saving jobs means putting the engine of human creativity in neutral if not reverse.  The healthiest economies are those that consistently destroy jobs by inventing new and better ways to satisfy existing human wants with less and less labor, while freeing other labor to satisfy new and not-yet-dreamed-of wants."