In America, you are either self-employed or you're not.
So-called "unemployment benefits" are taxed as income meaning you are actually self-employed while receiving them. It's a matter of perspective. Where does your income come from and how much is it?
I'm an optimist. I believe growth in the production and movement of goods and services (the economy) will come from millions of people acting in their own self-interest. A massive collection of interconnected garages, basements, home-offices, libraries, schools, etc. -- all making stuff.
Government can stimulate all it wants, but the heart and soul of our success has always come from individual initiative.
Don't forget the economic role of cheap liquid fuels at relatively stable prices. Those days are over, probably for good. Any economic recovery is vulnerable as long as rising GDP triggers severe oil price volatility.
Edit can the person who down-voted this please explain why?
Government can stimulate all it wants, but the heart and soul of our success has always come from individual initiative.
Agreed. It would seem then that it would make the most sense for government to focus on minimizing the overhead for formalizing those "individual initiatives" into businesses, rather than inefficiently allocate capital through stimulus (save all of the issues of how much of that stimulus capital is dissipated to essentially non-productive ends).
So-called "unemployment benefits" are taxed as income meaning you are actually self-employed while receiving them. It's a matter of perspective. Where does your income come from and how much is it?
I'm an optimist. I believe growth in the production and movement of goods and services (the economy) will come from millions of people acting in their own self-interest. A massive collection of interconnected garages, basements, home-offices, libraries, schools, etc. -- all making stuff.
Government can stimulate all it wants, but the heart and soul of our success has always come from individual initiative.