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LP Monday Message: High Unemployment on Labor Day

September 6, 2010

Dear Friend of Liberty,

It's hard to celebrate Labor Day when unemployment is 9.6 percent.

Government interference is the single biggest cause of unemployment. Minimum wage laws, OSHA, ADA, etc., etc., make it difficult both to hire and to fire workers. (And when it's difficult to fire workers, it's much less likely that they will be hired in the first place.) To reduce unemployment, we need to start repealing laws!

Section 2.7 of the Libertarian Party platform states: "We support repeal of all laws which impede the ability of any person to find employment. We oppose government-fostered forced retirement. We support the right of free persons to associate or not associate in labor unions, and an employer should have the right to recognize or refuse to recognize a union. We oppose government interference in bargaining, such as compulsory arbitration or imposing an obligation to bargain."

I read today that President Obama wants another $50 billion in Keynesian stimulus spending. Stimulus supporters think that government spending creates jobs. What they don't seem to understand is that the money is taken out of the private sector, which decreases private sector spending and investment, and that destroys jobs. I believe that stimulus spending destroys more jobs than it creates. We'd be much better off with the laissez-faire policies advocated by Austrian economic theory.

It makes me mad to think of all the ways the Republican and Democratic congresses, and presidents Bush and Obama, have hurt the private sector with all their stimulus and bailout programs. (Remember George W. Bush's 2008 "Economic Stimulus Act" with all the $600 "rebate" checks?)

If you'd like to help fight them, please participate in Quiz Across America.

Sincerely,

Wes Benedict
Executive Director
Libertarian National Committee

P.S. If you have not already done so, please join the Libertarian Party. We are the only political party dedicated to free markets and civil liberties. You can also renew your membership. Or, you can make a contribution separate from membership.