Friday, March 9, 2012
Look after unemployment and the budget will look after itself."
This article discusses the financial crisis in Europe. The situation is not improving, and is in danger of getting worse. Greece is a prime example of this. The entire problem stems form one thing. And that is jobs. With high unemployment, nobody is making money, and the economy as a whole continuew to spiral out of control. John Maynard Keynes said that "Look after unemployment and the budget will look after itself.". If unemployment is down, the economy can start to recover on it's own, since people will be able to put their lives back together. And most importantly, start to spend more money. It all starts with the people. Reducing unemployment is the first step to improving the economy.
Posted by michael.parleto at 2:43 PM