Still feels like being unemployed

This time out, I tackle a couple of “why” questions. These are things I’ve asserted in the past, but here are some of the reasons they are true.

Socialism has failed every time it’s been tried. But why is that? Is it inherent in the economic model, or is there something else involved? I mean, it sounds like a good idea to so many people, but are there any assumptions that these folks make that make it sound better than it is?

You’ve heard me talk about how unemployment numbers can be misleading, but why is that? I first tackled this issue way back in episode 21, and this time I come armed with…charts and graphs! Oh no!

Mentioned links:

Another ‘Win’ for Socialism in Venezuela

THE TRUMP ECONOMY RISES: Unemployment Drops To Under 4%, Lowest In 17 Years

United States Labor Force Participation Rate (Click on MAX under the chart to see the trend line. Also, you can click on Unemployment Rate on the right sidebar to get the trend line for that.)

And here’s the graph I created that I mention in the show:

How labor participation affects the unemployment rate (click for a full-size version)


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Show transcript

 

Filed under: Economics & TaxesSocialism