Release...

Aug. 19

WASHINGTON - As unemployment in the United States remains stuck above 9 percent, Libertarian Party Executive Director Wes Benedict released the following statement:

"Every time politicians say they're going to create jobs, they end up destroying more jobs than they create.

"Here's the Libertarian approach to unemployment: cut taxes and spending, and let the free market work. [emphasis added]

"Government intervention in the free market is what causes unemployment. There are many examples of this, well known to many economists. Minimum wage laws cause unemployment. Government-mandated unemployment insurance causes unemployment. Welfare and food stamps cause unemployment. Occupational licensing laws cause unemployment.

"One especially destructive factor is government prohibition of at-will employment. Because the government won't let employers hire, maintain, and fire employees on a truly at-will basis, it makes employment much riskier. Employers are scared to hire people because it can be so difficult to fire them if they don't work out, and employers are sometimes even scared to interview people because they might be forced to hire them. The result? More unemployment.

"What about all the 'stimulus spending' we've seen during the last two administrations?

"Stimulus spending doesn't create jobs, it destroys them. The government spends money by extracting it out of the productive private sector, which causes a net loss of jobs.

"Stimulus spending makes our future less secure, without doing any good in the present. It destroys jobs today, as well as down the road.

"Back in 2009, the Obama administration was worried that unemployment might reach 8 percent. So they pushed through a massive stimulus program, and employment went up even higher, to 10 percent. The stimulus program made our problems worse.

"And in 2008, George W. Bush championed a counterproductive plan to send $300-$600 stimulus checks to millions of people.

"Republicans and Democrats in the federal and state governments need to stop trying to help, because they're only making things worse. Instead, they need to get out of the way and let us free Americans solve the problem ourselves."

LP.org