Sunday, May 22, 2011

My Letter to the Wall Street Journal--re: There's No Such Thing as "Natural Unemployment"

Subject: No Such Thing as "Natural Unemployment"
Date: Sun, 22 May 2011 07:14:51 -0400

Re: Jobs Harder to Find as Natural Unemployment Shifts

Dear Sirs:
There is no such thing as "natural unemployment". Government interventions and union coercion create "artificial unemployment" by denying all to work at the price that they and their potential employers would agree. The only true scarcity is the scarcity of labor.

Patrick Barron

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