This Is The Most Brilliantly Simple Idea To Spur Economic Growth Aired At Davos So Far
At the World Economic Forum in Davos, you hear of a lot of vague platitudes about job creation, inequality and economic growth. Some of the ideas you hear being floated are impossibly ambitious, like Al Gore’s $US90 trillion scheme to redesign every city on the planet.
But Sir Christopher Pissarides, a Nobel laureate economist at the London School of Economics (who taught Thomas Piketty as a student!) told Business Insider about a wonderfully simple idea that creates or sustains three jobs for each single job subsidised by government spending.
Conservatives ought to love this plan because the jobs created are entirely private-market driven. Left-wingers will love the plan too, because it creates jobs directly through government spending.
Article Source: Business Insider