Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“That men may rightfully be compelled to submit to, and support, a government that they do not want…No principle … can be more self-evidently false than this; or more self-evidently fatal to all political freedom … a man, thus subjected to a government that he does not want, is a slave. And there is no difference, in principle — but only in degree — between political and chattel slavery. The former, no less than the latter, denies a man's ownership of himself and the products of his labor; and asserts that other men may own him, and dispose of him and his property, for their uses, and at their pleasure.”     Lysander Spooner

May 7, 2010

Quote Of The Day

by Brad Warbiany

Hmm… Title of the post included below:

When bad economic news is good news

Productivity growth slowed from more than 6 percent during the final three quarters of 2009 to 3.6 percent during the first quarter of 2010. Generally, you want productivity growth to be as high as possible, but this is actually good news for the labor market. In the context of the recession, the weirdly high productivity growth meant that scared, overstretched workers were producing much more than they had before the recession, freeing employers from the need to hire new workers to increase their productive capacity. With productivity falling back to earth, employers will actually need to hire new people to keep up with demand, which means, well, hiring new people.

Yes, Ezra… It’s a GREAT thing that these potential employees will go back to producing the same jobs they formerly worked. After all, we wouldn’t want a world where they took NEW jobs producing currently un-invented products that would collectively raise the standard of living in the US. After all, it’s zero-sum, right?


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