Fact: Federal Reserve is printing money like never before and is prohibited (who’s watching?) from monetizing Federal debt.
Fact: Real (not BLS-reported) unemployment is at Depression-levels, and the politicians' favorite phrase is "create jobs".
Fact: Startup Innovator Companies turn investment into employment very quickly.
IMMODEST PROPOSAL 2: Allocate just 2% of the Federal Reserve’s $600B (nominal!) QE2 to matching funds with angel and venture investors with requirement that money must be invested in early stage (A-round) companies within 6 months. At an average $3MM round, 8,000 companies would be funded and at least 160,000 primary jobs that support even more service and support jobs would be generated. Not to mention the benefits accruing to innovation pursued by the companies. This would be the cheapest Federal job creation program ever, and you could even porkify it by letting legislators steer money to "hard-hit" areas! ... uh, oh wait, we can't do that, it would make all the other programs look bad. Never mind. Sorry.
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