If only someone like the cranky economist would explain why I am supposed to be troubled—as per Bob Herbert’s instructions—by small downward ticks in unemployment figures for age groups who are either required by law to be in school full time or just likely to be in school full time.
Also: Herbert ends his cold-water column on the latest jobs report, which showed unexpected growth in several areas, with an amazingly stupid Louis Brandeis quote, an especially valuable fatuity for its perfectly distillation of the left’s obsession with wealth. Said Brandeis: "We can have democracy in this country, or we can have great wealth concentrated in the hands of a few. But we can’t have both."
As if the purpose of democracy were to equally distribute wealth! As if equality weren’t in fact the enemy of all wealth! You want material equality? It’s available and it’s called universal poverty.
As if the equal distribution of wealth makes people more rather than less free, and political systems more rather less democratic. As if! As if! A hundred as if’s! It’s quite rare to read something so grand-sounding and completely reprehensible. Shortly after the fall of the Soviet Union, with North Korea still a going concern, and Castro alive, how can an intelligent person say such things?
7 hours ago