European Tribune - Comments - Some lessons from Bailout Week

Some lessons from Bailout Week | 41 comments (41 topical, 0 editorial, 0 hidden)

This is the hole in the argument that needs filling. I haven't gone through it yet, but this is the case right-wing economists are making. If we cannot deconstruct this, we're going nowhere with the academic economics narrative:

http://www.heritage.org/Research/Labor/bg2040.cfm

by Metatone (metatone [a|t] gmail (dot) com) on Mon Sep 29th, 2008 at 05:39:41 AM EST
[ Parent ]

Re: I agree (none / 0)

Good find.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Mon Sep 29th, 2008 at 05:42:22 AM EST
[ Parent ]

Re: I agree (none / 0)

[sigh...]

Does 'Shut the fuck up you mendacious oily toads' count as a serious deconstruction?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Sep 29th, 2008 at 05:50:53 AM EST
[ Parent ]

Re: I agree (4.00 / 2)

Well, it's my gut reaction... but I think we'll need something a bit more reasoned until we own the media...

by Metatone (metatone [a|t] gmail (dot) com) on Mon Sep 29th, 2008 at 07:07:26 AM EST
[ Parent ]

Re: I agree (4.00 / 3)

Paid holidays and benefits still lag significantly behind those of civilised countries, like Europe.
Saying that a dollar paid to health care is a dollar taken out of wages is nonsense - employers benefit from the having reliably healthy employees and are sometimes the direct cause of health problems. In a free market they should pay those costs directly.
The CPI is the most reliable indicator of disposable income. Disposable income drives the economy - without it, there's a credit bust. (And everyone knows the deflator index is massaged anyway.)

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Sep 29th, 2008 at 07:42:28 AM EST
[ Parent ]

Some lessons from Bailout Week | 41 comments (41 topical, 0 editorial, 0 hidden)

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