Sunday, July 17, 2011

A libertarian talks about the pain of unemployment

Megan McArdle of The Atlantic is not someone to whom I normally link with any positive comment. However, this post of hers (sent by an unemployed relative) reveals a human side to her that she really had not shown with any depth before. Perhaps if she applied her personal experience to how unskilled and semi-skilled workers felt about FDR putting them to work in the 1930s, she might bother to check the true (and much lower) unemployment rates that counted those workers, and realize the New Deal was far more successful than she ever thought it was...

Oops. A week after the above linked post appears, she has returned (link fixed) to tax credits to employers and assuming the New Deal didn't work. I think she realized the implications of the first post was going to affect which cocktail parties in DC and NY she was going to be invited to...

As Upton Sinclair said, "It is difficult to get a (person) to understand something when his (or her) job depends on not understanding it."

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