dagblog - Comments for "The Political Path to Full Employment"

There is a psychology of

Dan Kervick — Tue, 10 Apr 2012 20:44:50 +0000

In reply to I think Krugman's point is

There is a psychology of spending when inflation is higher.

Yes, that's part of his argument. But I linked to a paper in the post that argues the psychology might not be what he thinks it is.

I think Krugman's point is

PeraclesPlease — Tue, 10 Apr 2012 19:34:20 +0000

In reply to The Political Path to Full Employment

I think Krugman's point is we're in the Japanese stagflation phase where the gov has to pay banks to take money, the days of gloom.

A bit more heat in the economy would loosen up cash flow and tilt people towards investment. The current interbank lending rate is 0.12% to 0.17%. So on a million bucks, that's $1700. Why even bother getting out of bed?

There is a psychology of spending when inflation is higher. I don't think he's proposing 10% inflation - we were only above 3% for 8 months last year and now we've dropped back below, and it does dampen overall expectations of economic growth and risk taking. The retail sector was the hardest hit for employment the last month as well.

I don't pretend to understand this area well, but I think I get what he's expressing.

Wow! Never thought I'd see

geoshmoe3 — Sun, 08 Apr 2012 01:02:00 +0000

In reply to The Political Path to Full Employment

Wow! Never thought I'd see the day that... well... that folks would be so stoked to drink the cool-aid like you do!

The subject of " Economics" is, in the first place a complete bs story... I mean... not a science, not a real thing either.

If you don't know what I meant by that: above... maybe you won't get it.... you won't ever get it if you agree with the "economics proffessors, and their phony psuedo.... thing. I wouldn't even stoop to give them that it is any kind of "science"... not that, nor is it an authentic effort to understand things... that are the constituents of what is our world/ and the way things are bought and sold.

What might be a good answer to the problems... would be an honest to god good man in the White house, who really gave some what of a damn.... And with the new powers: ( "executive powers" such as the "unitary president" type powers... well good luck if there is ever a president again... who would dare to use those new fangled "powers" for some good.!!!!!

krugman looks like a chipmunk

geoshmoe3 — Sat, 07 Apr 2012 03:27:03 +0000

In reply to The Political Path to Full Employment

krugman looks like a chipmunk to me... I think he is a nice little guy,,, a chipmunk...

So we got squirrels on our side, and they got godzillas on their side...

They got worse than godzillas... they got the vampires too! This is supposed to be humorous... but not really.

Geo

Agree. If inflation was the

NCD — Fri, 06 Apr 2012 20:47:35 +0000

In reply to The Political Path to Full Employment

Agree. If inflation was the route to prosperity and high employment, Zimbabwe would be a job engine, and Germany, with low inflation, would not have low unemployment. Any gain by making debt inflate away, would be offset by ever rising prices.