Thursday, September 30, 2010
Wednesday, September 29, 2010
Structure of Excuses
But don’t bother asking for evidence that justifies this bleak view. There isn’t any. On the contrary, all the facts suggest that high unemployment in America is the result of inadequate demand — full stop. Saying that there are no easy answers sounds wise, but it’s actually foolish: our unemployment crisis could be cured very quickly if we had the intellectual clarity and political will to act.
In other words, structural unemployment is a fake problem, which mainly serves as an excuse for not pursuing real solutions.
In other words, structural unemployment is a fake problem, which mainly serves as an excuse for not pursuing real solutions.
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