New School Politics

If you're a first time visitor, you may want to subscribe to our RSS feed, which will keep you up to date with all the latest New School Politics posts. Thanks for visiting!

In last night’s Democratic Presidential debate, Hillary provided one of those lines that’s enough to make any reasonable economist cringe:

CLINTON: … But this issue of energy and global warming has the promise of creating millions of new jobs in America … So it can be a win-win, if we do it right.

Things not seen:

1. The fact that there is only a limited amount of resources in an economy at any given point in time and these “new” jobs would only be coming at the expense of diverting economic resources from other industries to “alternative energies”. Hence these new jobs would be coming at the expense of (a) other jobs that would necessarily be lost in other sectors as well as (b) productivity–because this investment is not warranted by the incentives of the private market but rather from politically manufactured incentives.

2. Intelligent economic commentary from Sen. Clinton.

Last 5 posts by Ryan

• Scarcity, Shmarcity - June 26th, 2008
• The Greatness of Southpaws - June 26th, 2008
• Step One: Open mouth... - June 23rd, 2008
• Sobering Statistics and Economic Commentary - June 11th, 2008
• Obama: Humbly setting out to save the world - June 8th, 2008

Popularity: 54% [?]

The Logic not seen by New School Politics, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.