Job Destruction Makes Us Richer
This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published July 27, 2011 on Townhall.com.
Here’s what President Barack Obama said about our high rate of unemployment in an interview with NBC’s Ann Curry: “The other thing that happened, though — and this goes to the point you were just making — is there are some structural issues with our economy, where a lot of businesses have learned to become much more efficient with a lot fewer workers,” adding that “you see it when you go to a bank and you use an ATM; you don’t go to a […]

