The New (Economic) Abnormal

Doctor Zero provides the thought process employers exercise to create jobs.

I would also add that one-time stimulus do NOT increase jobs because the increased demand from the spending is not sustainable. Its just a one-time event, and the demand can be met by some overtime.

Further,

… it is probable that a press which maintains an intimate touch with the business currents of the nation is likely to be more reliable than it would be if it were a stranger to these influences. After all, the chief business of the American people is business. They are profoundly concerned with buying, selling, investing and prospering in the world.

President Calvin Coolidge’s address to the American Society of Newspaper Editors, Washington D.C., January 25, 1925. True today as it was 85 years ago.

(ht: Instapundit)

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