Reblogged from International Liberty:
I've written periodically about the perverse incentives of the unemployment insurance system. Simply stated, there will be fewer jobs if the government subsidizes joblessness, and I even showed that this is a consensus position by citing the academic writings of left-leaning economists such as Larry Summers and Paul Krugman.
The San Francisco Federal Reserve also has produced research measuring the negative impact of unemployment insurance on the job market.
