More Unemployment Is the Key to Stimulus!

July 2, 2010 by Dan Mitchell

Nancy Pelosi is being appropriately mocked for her strange assertion that subsidizing unemployment is a great way to “stimulate” the economy, but keep in mind that this she is just mindlessly regurgitating standard Keynesian theory. Here are two videos. The first is Pelosi’s ramblings and the second is my analysis of Keynesian economics. I hope my words are more convincing.

Posted in Big Government, Dependency, Economics, Government Spending, Jobs, Keynes, Keynesian, Pelosi, Spending, stimulus, Unemployment | Tagged Big Government, Dependency, Economics, Government Spending, Joblessness, Jobs, Keynes, Keynesian Economics, Pelosi, stimulus, Unemployment | 40 Comments

40 Responses

on March 22, 2022 at 10:11 am Nancy Pelosi’s Perpetual Motion Machine | International Liberty

[…] As I noted in the interview, Pelosi has a track record of making foolish statements based on Keynesian […]
on May 11, 2021 at 9:40 pm The Upside-Down Economics of Subsidized Unemployment by Dan Mitchell | The Daily Hatch

[…] For some unintentional humor, Nancy Pelosi actually argued that the economy is stronger when people are paid not to […]
on May 11, 2021 at 11:18 am The Upside-Down Economics of Subsidized Unemployment | International Liberty

[…] For some unintentional humor, Nancy Pelosi actually argued that the economy is stronger when people are paid not to […]
on March 29, 2021 at 6:16 am Dan Mitchell rightly noted about Biden’s stimulus: “We’re now saddled with a bigger burden of government spending” | The Daily Hatch

[…] it’s why Nancy Pelosi actually said the economy benefits if we subsidize […]
on March 28, 2021 at 8:49 am More Stimulus Failure | International Liberty

[…] it’s why Nancy Pelosi actually said the economy benefits if we subsidize […]
on August 4, 2020 at 11:31 am Subsidized Unemployment and Societal Capital | International Liberty

[…] Speaking of satire, Nancy Pelosi actually argued that paying people not to work was a form of […]
on June 5, 2020 at 11:05 am Should Government Subsidize Unemployment? | International Liberty

[…] because recipients will have more money to spend. This is not satire. I mentioned that Nancy Pelosi actually asserted the economy becomes stronger when people are paid not to […]
on April 23, 2020 at 9:00 am Coronavirus and Subsidized Unemployment | International Liberty

[…] Speaking of satire, Nancy Pelosi actually argued that paying people not to work was a form of […]
on May 27, 2016 at 11:00 am Redistribution Does Not Stimulate Growth - American Tea Party Politics

[…] in 2010, then-House Speaker Nancy Pelosi actually claimed that paying people not to work would be good for the […]
on May 27, 2016 at 7:45 am Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth | Tea Party News

[…] in 2010, then-House Speaker Nancy Pelosi actually claimed that paying people not to work would be good for the […]
on May 25, 2016 at 8:07 am Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth | Conservative Republican News

[…] in 2010, then-House Speaker Nancy Pelosi actually claimed that paying people not to work would be good for the […]
on May 22, 2016 at 11:47 am Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth | International Liberty

[…] in 2010, then-House Speaker Nancy Pelosi actually claimed that paying people not to work would be good for the […]
on January 16, 2015 at 12:22 pm More Evidence against Big-Spending Keynesian Economics | International Liberty

[…] Nancy Pelosi actually argued that paying people not to work was a great way of creating jobs. I’m not […]
on January 20, 2014 at 5:34 pm Deconstructing Obama’s Dismal Record on Jobs

[…] endorsement for the Keynesian notion that more government spending is good for job creation (or for Nancy Pelosi’s laughable claim that you create jobs by paying people not to […]
on January 20, 2014 at 7:17 am Obama is far behind other presidents on job creation!!!! | The Daily Hatch

[…] for the Keynesian notionthat more government spending is good for job creation (or for Nancy Pelosi’s laughable claim that you create jobs by paying people not to […]
on January 19, 2014 at 8:31 am Deconstructing Obama’s Dismal Record on Jobs | International Liberty

[…] endorsement for the Keynesian notion that more government spending is good for job creation (or for Nancy Pelosi’s laughable claim that you create jobs by paying people not to […]
on October 23, 2013 at 8:03 am Open letter to President Obama (Part 436) A suggestion to cut some wasteful spending out of the government Part 4 (includes editorial cartoon) | The Daily Hatch

[…] in case you think Asay is being unfair, keep in mind that folks like Obama and Pelosi actually have claimed that more unemployment benefits is “stimulus.” Yes, you read correctly. Subsidizing unemployment is good for growth to these strange […]
on July 18, 2013 at 6:43 am Dear Senator Pryor, here are some spending cut suggestions (“Thirsty Thursday”, Open letter to Senator Pryor, cartoon included) | The Daily Hatch

[…] in case you think Asay is being unfair, keep in mind that folks like Obama and Pelosi actually have claimed that more unemployment benefits is “stimulus.” Yes, you read correctly. Subsidizing unemployment is good for growth to these strange […]
on April 30, 2013 at 6:49 am A suggestion to cut some wasteful spending out of the government Part 4 (includes editorial cartoon) | The Daily Hatch

[…] in case you think Asay is being unfair, keep in mind that folks like Obama and Pelosi actually have claimed that more unemployment benefits is “stimulus.” Yes, you read correctly. Subsidizing unemployment is good for growth to these strange […]
on March 20, 2013 at 8:26 am Michael Cannon on Obamacare (editorial cartoons on Judge Roberts and Obamacare) | The Daily Hatch

[…] an easy target, having become infamous for utterly inane comments, so let’s pile on with […]
on February 11, 2013 at 11:38 am Cartons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy Part 2 « HaltingArkansasLiberalswithTruth

[…] in case you think Asay is being unfair, keep in mind that folks like Obama and Pelosi actually have claimed that more unemployment benefits is “stimulus.” Yes, you read correctly. Subsidizing unemployment is good for growth to these strange […]
on December 14, 2012 at 3:58 pm A Case Study of How Interest Groups “Milk” the Public « International Liberty

[…] Sort of reminds me of clueless Nancy Pelosi saying the best way to create jobs was paying people not to work. […]
on August 6, 2012 at 6:46 am Open letter to President Obama (Part 120) « HaltingArkansasLiberalswithTruth

[…] in case you think Asay is being unfair, keep in mind that folks like Obama and Pelosi actually have claimed that more unemployment benefits is “stimulus.” Yes, you read correctly. Subsidizing unemployment is good for growth to these strange […]
on August 2, 2012 at 7:39 am Open letter to President Obama (118) « HaltingArkansasLiberalswithTruth

[…] Last but not least, this cartoon does a very good who of teaching about the economics of unemployment insurance. And if you want to understand the absurdity of the left, this post shows Nancy Pelosi is a train wreck of economic illiteracy. […]
on July 4, 2012 at 9:39 am More Obamacare Cartoons for the July 4th Holiday « International Liberty

[…] an easy target, having become infamous for utterly inane comments, so let’s pile on with […]
on June 12, 2012 at 7:25 am Dan Mitchell of the Cato Institute:Unemployment check or a job « HaltingArkansasLiberalswithTruth

[…] economics of unemployment insurance. And if you want to understand the absurdity of the left, this post shows Nancy Pelosi is a train wreck of economic illiteracy. Like this:LikeBe the first to like this post. By Everette Hatcher III, on June 12, 2012 at 6:49 […]
on June 1, 2012 at 1:02 pm What’s Better for the Unemployed, a Government Handout or a Private-Sector Job? « International Liberty

[…] economics of unemployment insurance. And if you want to understand the absurdity of the left, this post shows Nancy Pelosi is a train wreck of economic illiteracy. Rate this:Share this:PrintEmailFacebookTwitterMoredeliciousDiggFarkLinkedInRedditStumbleUponLike […]
on May 3, 2012 at 4:11 pm Get people off of government support and get them in the private market place!!!!(great carton too) « HaltingArkansasLiberalswithTruth

[…] in case you think Asay is being unfair, keep in mind that folks like Obama and Pelosi actually have claimed that more unemployment benefits is “stimulus.” Yes, you read correctly. Subsidizing unemployment is good for growth to these strange […]
on May 2, 2012 at 5:23 pm Chuck Asay’s New Cartoon Nicely Captures Mentality of Obama and His Economic Team « International Liberty

[…] in case you think Asay is being unfair, keep in mind that folks like Obama and Pelosi actually have claimed that more unemployment benefits is “stimulus.” Yes, you read correctly. Subsidizing unemployment is good for growth to these strange […]
on December 13, 2011 at 1:27 pm Real-World Evidence Showing that Unemployment Insurance Benefits Increase Unemployment « International Liberty

[…] even shared a very good cartoon making the same point. And who can forget Nancy Pelosi’s mindless comments about unemployment benefits being a great way to stimulate job […]
on March 8, 2011 at 3:02 pm Republicans Are Right to Cut the IRS Budget « The Market Center Blog

[…] March 5, 2011 by Dan Mitchell One of my many frustrations of working in Washington is dealing with perpetual-motion-machine assertions. The classic example is Keynesian economics, which is based on the notion that you magically create additional economic activity by having the government spend money instead of allowing the private sector to decide how it gets spent (in an especially bizarre display of this thinking, Nancy Pelosi actually said that subsidizing unemployment was the best way to create jobs). […]
on March 8, 2011 at 4:05 am Republicans Are Right to Cut the IRS Budget | Cato @ Liberty

[…] One of my many frustrations of working in Washington is dealing with perpetual-motion-machine assertions. The classic example is Keynesian economics, which is based on the notion that you magically create additional economic activity by having the government spend money instead of allowing the private sector to decide how it gets spent (in an especially bizarre display of this thinking, Nancy Pelosi actually said that subsidizing unemployment was the best way to create jobs). […]
on March 6, 2011 at 8:15 am » Republicans Are Right to Cut the IRS Budget - Big Government

[…] One of my many frustrations of working in Washington is dealing with perpetual-motion-machine assertions. The classic example is Keynesian economics, which is based on the notion that you magically create additional economic activity by having the government spend money instead of allowing the private sector to decide how it gets spent (in an especially bizarre display of this thinking, Nancy Pelosi actually said that subsidizing unemployment was the best way to create jobs). […]
on March 5, 2011 at 7:25 pm Republicans Are Right To Cut The IRS Budget

[…] One of my many frustrations of working in Washington is dealing with perpetual-motion-machine assertions. The classic example is Keynesian economics, which is based on the notion that you magically create additional economic activity by having the government spend money instead of allowing the private sector to decide how it gets spent (in an especially bizarre display of this thinking, Nancy Pelosi actually said that subsidizing unemployment was the best way to create jobs). […]
on March 5, 2011 at 12:12 pm Republicans Are Right to Cut the IRS Budget « International Liberty

[…] March 5, 2011 by Dan Mitchell One of my many frustrations of working in Washington is dealing with perpetual-motion-machine assertions. The classic example is Keynesian economics, which is based on the notion that you magically create additional economic activity by having the government spend money instead of allowing the private sector to decide how it gets spent (in an especially bizarre display of this thinking, Nancy Pelosi actually said that subsidizing unemployment was the best way to create jobs). […]
on October 8, 2010 at 10:27 am Obama’s Job-Killing Policies: A Picture Says a Thousand Words « The Market Center Blog

[…] But don’t worry, Nancy Pelosi said that unemployment benefits are stimulative! […]
on October 8, 2010 at 8:41 am Obama’s Job-Killing Policies: A Picture Says a Thousand Words « International Liberty

[…] But don’t worry, Nancy Pelosi said that unemployment benefits are stimulative! […]
on July 4, 2010 at 9:14 am Denver Todd

Pelosi thinks that unemployment money in a person’s pocket is a great stimulus. Logic would point out that lowering taxes would put money in a person’s pocket too, but that type of stimulus doesn’t get Democrats elected.
on July 3, 2010 at 5:15 pm joshualynch

She also doesn’t seem the know the plural form of stimulus.
on July 2, 2010 at 1:51 pm Only in a Progressive’s imagination « Public Secrets

[…] Dan Mitchell, who provides an earlier video of his explaining why Pelosi’s Keynesian economics just […]

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More Unemployment Is the Key to Stimulus!

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