Sign Up For Our Mailing Lists


InsiderOnline Blog: November 2012

How the Economy Works, in One Bureaucrat’s Opinion

A news report from Serbia: “Director Serbia Posta said no worker will be fired, because the company’s problem is not too many workers but not enough business.” [Politika Online, November 26; h/t: economics professor Svetozar Pejovich.]

That’s pretty much been the philosophy of the past 80 years: If the economy isn’t working, don’t point the finger at the politicians, or the labor unions, or the businesses. Blame the consumer for not buying enough stuff.

Posted on 11/30/12 12:14 PM by Alex Adrianson

Heritage FoundationInsiderOnline is a product of The Heritage Foundation.
214 Massachusetts Avenue NE | Washington DC 20002-4999
ph 202.546.4400 | fax 202.546.8328
© 1995 - 2014 The Heritage Foundation