View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Steve Lokness who wrote (125532)	11/25/2009 9:34:39 AM
From: JohnM	Read Replies (1) of 543150

I'm not enough of an economist to argue with the specifics of your case, Steve, but my guess is that Krugman is talking about aggregate demand and capacity, not specific industries. I suspect that some 2x4s (metaphor here) can be moved and some can not. Some workers can shift and some can not. Some new workers can start in different jobs than would otherwise be the case. So the job is to keep the new jobs coming, to keep wages and benefits up (both for social safety net reasons and for putting more money into the economy). But I suspect we are discussing things at the level of basic assumptions now rather than application of assumptions. In which case, we may be at one of those agree to disagree moments.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next