Jack Kemp Knew Devalued Money Was a Job Killer

As a result of neglecting Kemp’s demand for “good money,” choosing instead the seductive but bad road of “cheap money,” job creation — and upward mobility by workers — slowed to a snail’s pace.  Presidents Bush and Obama would have considered themselves fortunate to see the creation of as many jobs in a term as Reagan and Clinton saw in a year (or even less).

It is cheap money that is demolishing job creation.