Ron Paul recently had a subcommittee hearing where they discussed the fed's impact on unemployment. about halfway through the economists were asked what the next bubble would be in
my opinion, you ask? we're already seeing a bubble in commodities. what's coming? they said it usually occurs in industries with a lot of confusing innovation ... how often have you heard "green jobs" and "green tech". there are jobs around here for carbon trading. that's an industry that destroys wealth and prosperity. unemployment benefits stimulates unemployment - aka failure - but this is worse: we're paying people to make viable industries fail. and even for those green jobs that seem viable - they're being artificially supported, which means they're part of the overall malinvestment indicative of a bubble
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