Has he considered that the Obama Administration, which he supports, has greatly fostered this trend? How? First by making workers so much more expensive by encouraging state minimum wage increases, by increasing the healthcare costs of a worker by about $3-5 dollars an hour, and by making overtime and related rules tighter and tighter. All this makes employees too expensive to hire. Second by encouraging the Federal Reserve to keep interest costs artificially low. Those giveaway interest rates encourage investment in robots to replace people.
Unfortunately this team seems to be covering up a possible risk to black children.
You may not be able to keep it for long.
In a September 11 Bloomberg article, economist Noah Smith claims that John Maynard Keynes, the architect of today’s government economic policies around the world, wasn’t a “‘socialist’” or even a “‘progressive.’” He did not favor “a command economy.”
Yes he “was in favor of some amount of wealth redistribution and government intervention into the economy.” But “Keynesian policies are fundamentally … about economic stability,… about smoothing out the fluctuations in the economy, reducing risk for everyone concerned.”
Most Keynesian economists do not want to admit that we are in another depression. They find the word painful.
Good for her. She’s letting us know where she stands. No oily evasiveness for her, or at least less than usual from politicians.
Here are her eleven tenets of today’s progressivism, outlined in a July 18 speech before Netroots Nation . Below each tenet are a few questions for her.
And even that is doubtful.
Is he right?
What does it suggest when someone, writing in Bloomberg, calls his critics “9/11 truthers …enslaved by… brain worms”?
It suggests that he is very worried. He not only thinks the barbarians are at the gate. He thinks that his cozy citadel might actually fall.
Are on the way. . . .
Hillary Clinton’s latest speech (May 16) revealed some of her thoughts about reviving the economy. It suggested that she does not understand how jobs are created.
This will put a useful spotlight on three poor Fed nominations as well as a good bill that is being ignored.
Does an official 6.3% unemployment rate mean that the economy has finally recovered?
The economist offering this “solution” has been feted by the Obama White House economic staff, the International Monetary Fund, and by many of the people running world economies today. His ideas are definitely “in play.”