Friday, April 1, 2011
Is government expenditure necessary to reduce unemployment?
Yesterday we graphed the correlation between investment and unemployment (click here). Today we illustrate the effect government expenditure has on unemployment using data for the Americas from 1990 to 2008. As the following graphs show, government expenditure does not create employment. To see John Taylor’s graphs click here.
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1 comment:
More jobs should be retained in America and only a part of the jobs should be outsourced rather than bulk of it.
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