WASHINGTON – As unemployment in the United States remains stuck above 9 percent, Libertarian Party Executive Director Wes Benedict released the following statement:

Every time politicians say they’re going to create jobs, they end up destroying more jobs than they create.
Here’s the Libertarian approach to unemployment: cut taxes and spending, and let the free market work.

Government intervention in the free market is what causes unemployment. There are many examples of this, well known to many economists. Minimum wage laws cause unemployment. Government-mandated unemployment insurance causes unemployment. Welfare and food stamps cause unemployment. Occupational licensing laws cause unemployment.

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Echoing the story in the book “Atlas Shrugged” we have a group of politicians, who, during the past 11 years have caused the United States, through the legislative process, to lose nearly 43,000 factories. This has also caused 5.5 million people to lose their jobs.

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