Economic Truth

See this insight from an article in National Review concerning what it takes for a U.S. company to be willing to spend $$ to hire someone:

Corporations are sitting on roughly $1.7 trillion in cash right now. It’s not that they don’t have the money to hire people. They just don’t think that hiring people would generate more money than having it just sit there in their accounts, which is a phenomenally depressing conclusion.

Particularly since current interest rates are near zero, and the inflation rate is greater than the interest rate. The rest of the article is worthwhile, too.