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October 10, 2011
Keith Ellison Channels His Inner Krugman
Sometimes I wonder if we could do worse by replacing elections with an American Idol-like contest to find the 535 stupidest people in America and send them to congress. This is one of those times.
Rep. Keith Ellison (D-Minn.) tells MSNBC regulations create jobs because a business will have to hire people to help them comply with the new requirement.
"I think the answer is no," Ellison said when asked if he believes regulations kill jobs. "And here is why: When we talked about increasing fuel efficiency standards, the industry responded, and they need engineers and designers and manufacturers, and they need actually more people to help respond to the new requirement."
Got that? Government diktat causing people to be hired chasing unicorns is good for the economy. I wonder why they don't just decree full employment.
Problem. Solved.
I swear, the first week of every new Congress should be devoted to studying Bastiat's broken window fallacy. Then there should be a test.