- pat gilbert
- Tustin, CA
- United States
This conversation is closed.
Mr Brynjolfsson and Mr. Gordon talks are misleading
Mr Brynjolfsson is ignoring a basic fact, Mr. Gordon wants to change the greatest job creator in the history of the world.
What is important to know about job creation is that jobs are created by small business.
The life blood of business is cash. Investment allows small business to grow. The end of the cycle is caused by over investment.
Cycles are a fact of life, but the Keynesians don't think so which is part of the problem.
Investors are in the prediction business. When the rules of the game keep changing prediction becomes very difficult. Investors put their capital where it is treated best which is obviously not here.
Consider that Sabanes Oxley started in the early 2000's
The CRA came into full flatulence in the mid 2000's
To fix the goverment caused problem they offer us Frank Dodd which will be coming down the pike.
Obama Care was passed in 2009 which will have huge effects on the economy. (Think the UK only worse)
This type of government overreach was the very reason for the great depression.
Jobs will be created when the government stops abusing investors.
Additionally the most damaging government influence is the tax rate
This article illustrates the damaging effect of the tax rate. Not to the evil rich oligarchs or the nouveau riche (Bono) but to the workers, the middle class.