Juggling Dynamite

“Many people have been talking about job creation lately, especially politicians. But is government the best creator of jobs? And is job creation the best thing for the economy? Professor Steve Horwitz explains that there is a difference between creating jobs and creating wealth. Creating jobs is relatively easy, but the most economic progress is made when jobs are eliminated because they become unnecessary. This does lead to some unemployment, but the alternatives are worse. To prevent transitional unemployment would also halt innovation, growth, and the reduction of poverty. So what is the best way to create valuable, meaningful jobs? Professor Horwitz says, “The best job-creation program in human history is the free market and the entrepreneurship it generates.”

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Bill Dunkelberg, National Federation of Independent Business chief economist, reports results of the NFIB survey on small business, which shows the optimism index dropped 1.3 points in March to 89.5. Here is a direct link.

77% of small business owners say they think the economy will be the same or worse within 6 months and none reported plans to hire new people. Small business sentiment continues to be in recession.

Chart source: zerohedge.com

More intelligent water conservation is key to the future of humanity. Fortunately through the power of science and innovation there are many exciting solutions underway. In the west, conventional washing machines are a huge source of daily waste. Planet Forward host Frank Sesno examines how Xeros washing machines use reusable nylon polymer beads to cut water usage by up to 80%.Here is a direct link.