Is Employment a “Human Right”? | Hoover Institution

The debate over the proper level of government spending and taxation is itself a powerful cause of our current economic malaise. The current uncertainty over the use of these key policy levers leads to further uncertainty about the possibility of a rise in interest rates that will send the economy into a tailspin. Unstable currency injects a gratuitous element of uncertainty into every private transaction denominated in dollars. That uncertainty is a cost to both parties in any routine business transaction. When the costs of transacting rise to the point where they exceed the anticipated gains from trade, the deal is off.

via Is Employment a “Human Right”? | Hoover Institution.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.