Podcasts News Politics The Tom Woods Show Ep. 747 Media and Public Confused: Who Creates Jobs, Consumers or Entrepreneurs?

Ep. 747 Media and Public Confused: Who Creates Jobs, Consumers or Entrepreneurs?

Published: Sept. 28, 2016, 11:31 p.m.

Here's a common refrain: the rich are parasites who in fact don't create jobs at all. Plenty of them just shelter their income somewhere. The real job creators are the working classes, who go out and spend their money. This is what stimulates economic activity. What is the correct response to this line of argument?