And he IS saying "we won't be hurting much ('we' being, as noted above, the City), which is still a highly optimistic vision. In the long run, we're all dead. John Maynard Keynes
I still don't think you're being fair, he doesn't say "we will be ok" - his conclusion is: "But even if Mr Soros does prove right I don't think we should jump out of windows. A shallow recession, with the pressure widely spread, is not a catastrophe."
To say something is not a catastrophe is not to say that it's fine or OK for "us". He says there will be difficulties and most people's living standards will decline.
This is not to say I agree with him, just trying to be fair. Maybe it's because I'm a Londoner - that I moved to Nice.
It's like the pundits that say that oil is overpriced and claim that the "real" price today shouls be $60 or $80. You should just not forget the bit of background whereby they were saying, when oil was at $50, that it was overpriced and that the "real" price was $35.
Denial. And the track record that goes with it. In the long run, we're all dead. John Maynard Keynes
Denial. And the track record that goes with it.
Have neoliberal economists ever been right, about anything?
Serious question. If they're batting a clean zero, we should at least be honest about that.
Ah, so all "neo-liberal economists" (self-described as such, or defined according to what criteria?) have been wrong about everything. This makes things so easy doesn't it? All one has to do is jeer at them (whoever they are) from time to time and "honestly" assert that their record continues to be zero.
If you just want to express your solidarity with those who oppose neo-lib economosts, I suppose it might help the feel-good factor, like many of your other "criticisms". As I indicated, I prefer the kind of reasoned, detailed criticism, backed with evidence, which is typical of Jerome's critiques here. But that takes a bit of work, something not so often evident in your airy dismissals of various groups and individuals.
Of course it isn't a "serious question", because it's not clear who would be included under that label, and who has surveyed the record of everything they've said? And whose judgment of that record would be used ? If one were serious one would try framing the allegation a little more carefully, and acknowledging that they might well have been right about a few things, but that some of us disapproved of the outcomes.
Maybe it's because I'm a Londoner - that I moved to Nice.
