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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (52477)	8/2/2004 12:03:49 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

thanks for Outsourcing debate by Moyers I will use those quotes in an article it is astonishing that ECONOMIST and CATO fail to comprehend that lost jobs contribute to the decline of income at an aggregate level they are thinking micro-economically in a macro world erroneously when I attempt to figure something complex out, I tend toward the extreme what if 30% of all companies sent over half their jobs to outsources ??? what would be the impact ??? massive unemployment, reduced spending, enormous govt subsidies to jobless, and systemic collapse why is this not more easily seen ??? this is the essence of the Fallacy of Decomposition as Kurt Richebacher said "US ECONOMISTS HAVE NO CONCEPT OF MACRO-ECONOMICS AS A GROUP, THEY ARE TOTALLY INEPT" / jim