Professor Elam

talks common sense in this column. The Egyptians created a lot of 'jobs' in building pyramids but did the pyramids create any wealth?  Remember that multiplier effect?  I doubt it, they are still sitting there attracting a few tourists yes but not to the benefit of those that built them thousands of years ago. 

Will the stimulus bill create any wealth or are we just filling holes?  You tell me!

points out that there are a myriad of relationships in the economy. The idea that a czar can make those decisions him or herself is delusional. After all consider the post office does it run as well as Fed Ex, they just raised stamp prices, a lot, in a recession, thanks. Any layoffs planned there in the USPS now that we all have virtually free electronic mail, I have not heard of any. Yet every company in America seems to be laying people off. But USPS is raising prices and keeping everyone, and to think they criticize GM….