September 26, 2010

Structural Unemployment Is an Excuse

Paul Krugman, New York Times

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What can be done about mass unemployment? All the wise heads agree: there are no quick or easy answers. There is work to be done, but workers aren’t ready to do it — they’re in the wrong places, or they have the wrong skills. Our problems are “structural,” and will take many years to solve.

Paul Krugman

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...

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Related Topics: unemployment, economy


September 12, 2010
Interview with Austan Goolsbe
Fox News Sunday
Sunday, September 12, 2010Austan Goolsbee Talks Economy and Elections | Fox News SundayWith: Chris WallaceSpecial Guests | Austan Goolsbee var pageVars = { videoId:'4336245', playlistId:'' }; ... more ››
September 13, 2010
How Did Stimulus Become a Dirty Word?
James Surowiecki, New Yorker
When President Obama unveiled an array of new tax-cut and spending proposals last week, one word was noticeably missing from his speeches: "stimulus." Republicans, meanwhile, energetically set about decrying the plan as... more ››
September 13, 2010
The White House and the Stimulus Fantasy
Matt Welch, Reason
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September 13, 2010
Why Inequality is Rising
Robert Pollin, The Nation
The economy is stuck in a ditch, with even Federal Reserve chair Ben Bernanke voicing serious concerns about a double-dip recession. Despite this, the focus of economic policy debates in Washington is drifting dangerously away... more ››
September 14, 2010
Using Policies That Got Us Here to Get Us Out
Caroline Baum, Bloomberg
Even the most casual observer of the events of the last five years -- the housing bubble, the bust and the digging-out process -- would be struck by the similarities between the policies that got us into this mess and the... more ››