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Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.Planned Chaospp. 20-21Unemployment
It is not capitalism which is responsible for the evils of permanent mass unemployment, but the policy which paralyses its working.Socialismp. 441Unemployment
It is obviously futile to attempt to eliminate unemployment by embarking upon a program of public works that would otherwise not have been undertaken. The necessary resources for such projects must be withdrawn by taxes or loans from the application they would otherwise have found. Unemployment in one industry can, in this way, be mitigated only to the extent that it is increased in another.Liberalismp. 85Unemployment
Labor is more scarce than material factors of production.Human Actionp. 136; p. 136Unemployment
Mass unemployment is not proof of the failure of capitalism, but the proof of the failure of traditional union methods.Planning for Freedomp. 13Unemployment
On a free labor market wage rates tend toward a height at which all employers ready to pay these rates can find all the men they need and all the workers ready to work for this rate can find jobs. There prevails a tendency toward full employment.Planning for Freedomp. 84Unemployment
Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.Socialismp. 440Unemployment
The need of society for labor is never satisfied.Socialismp. 129Unemployment
The result of the governments and the unions meddling with the height of wage rates cannot be anything else than an incessant increase in the number of unemployed.Planning for Freedomp. 192Unemployment
There is but one remedy for lasting unemployment of great masses; the abandonment of the policy of raising wage rates by government decree or by the application or the threat of violence.Omnipotent Governmentp. 65Unemployment
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