EPISODE 2558

Ep. 747 Media and Public Confused: Who Creates Jobs, Consumers or Entrepreneurs?

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Here’s a common refrain: the rich are parasites who in fact don’t create jobs at all. Plenty of them just shelter their income somewhere. The real job creators are the working classes, who go out and spend their money. This is what stimulates economic activity. What is the correct response to this line of argument?

About the Guest

David Howden is chairman of the department of business and economics at the Madrid campus of St. Louis University. He is academic vice president of Mises Canada, editor of the journal Prices & Markets, and co-author of Deep Freeze: Iceland’s Economic Collapse.

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Faculty Page

David Howden

Event Mentioned

2016 International Conference of Prices & Markets

Previous Appearances

Ep. 540 Left Attacks Rand Paul on His Fed Comments; We Respond
Ep. 419 Austrian Business Cycle Theory: Answering the Critics
Ep. 118 Boom and Bust: The Cause

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