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Tweet Mike Munger explains that “the only way to gain jobs is to lose jobs.” Two slices: Politicians want to create jobs, “good-paying union jobs,” in existing industries. But that’s not what markets do. The “destructive” part of creative destruction eliminates jobs in existing industries. In a dynamic economy, innovations indivision of labor can create good-paying jobs in newindustries, but new industries require entrepreneurs, not politicians. Frederic Bastiat had two devastating satires of how policies designed to “create […]