...the real problem with youth unemployment is that those people are the ones that end up turning into commies:
"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." - Ludwig von Mises (1922)
Is it just me, or does Jeff Tucker seem completely oblivious to the fact that this quote really doesn't make Mises look all that good?
Trade, Jobs, and Inequality Video
5 hours ago