Bonita, CA (PressExposure) February 26, 2012 -- If you think the current downturn is ending and it's time to move on, consider this: After most recessions, a new recession normally begins within less than a decade. Since 1945, we have averaged one recession every 6.7 years.
Are recessions inevitable? Can we effectively manage them in a free-market system?
In his third book, Saving Our Jobs: 22 Proposals for Combating Recessions and Unemployment, Art Elphick reviews America's current methods for combating recessions and explains why they failed to prevent or quickly end the current downturn. He then explores new ways to reduce unemployment and the severity of economic downturns. This easy-to-read book advocates passage of three bills that are currently bogged down in Congress, and it offers 19 new, practical and cost-effective proposals that are designed for compatibility with America's free-market values. This book also notes and addresses the following:
Congress has found it easier to spend than to tax. Art's second chapter should appeal to both Republicans who call for a Balanced Budget Amendment and economists who say that such an amendment would tie our hands in fighting recessions and inflation.
Spending does help combat recessions, but the level of Federal deficit spending was already high when the recession began. Continuing stimulus without fixing the underlying problems is like trying to cool an engine by pumping more water into a badly leaking radiator.
China now ships us goods and we ship them our industries. We consume more than we produce, and we borrow from them the money to do so.
Global trade is essential, but we should allow only fair and balanced trade. By bringing our trade deficits into balance, the U.S. can achieve the equivalent of a $558 billion stimulus job boost every year with no Federal spending to pay back later.
All citizens, bright or slow, healthy or handicapped, likeable or unlikeable, need some legitimate way to earn enough money to meet their most basic needs.
Training will not create the new jobs needed when a major employer leaves town.
For those who lose jobs, lack of technical competence is rarely listed as a major reason.