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but would insist that in today's context, arguing about a "shallow recession" is being wildly optimistic and in denial.

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

by Jerome a Paris (etg@eurotrib.com) on Thu May 22nd, 2008 at 05:28:59 PM EST
[ Parent ]
The case for decoupling has not been refuted yet. What we see looks a lot like the Asian crisis in reverse, with us as debtors and them as creditors.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu May 22nd, 2008 at 05:31:08 PM EST
[ Parent ]
Jerome a Paris:
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.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu May 22nd, 2008 at 07:44:14 PM EST
[ Parent ]

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.

by Ted Welch (tedwelch-at-mac-dot-com) on Fri May 23rd, 2008 at 08:19:32 AM EST
[ Parent ]

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