This is the saddest thing I’ve read in a long time. The worst is the quote from Mike Walden, an economist at N.C. state who actually does stuff for JLF!
"Government jobs are an important cushion for the economy when the private sector falters," says North Carolina State University economist Michael Walden. Huh? Somebody please take away this man’s Keynesian crackpipe.
Perhaps they took Mike out of context, but Lordy Lord, surely he knows about deadweight loss and the broken windows fallacy.
There was a light of reason in the article, on these dim circumstances of public sector growth:
"More hiring has nothing to do with good government or economic policy," says economist Kenneth Brown, research director at the Rio Grande Foundation in Albuquerque. "It has everything to do with government being slow to react to economic change." (HT: Hayes)
-Max Borders
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