Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
"Structural" is Economist for "made up to fit my preconceived agenda."

See, e.g., "structural unemployment," "structural deficit," "structural reform."

If you want to meaningfully speak of a structural deficit, you would speak of the deficit at full employment. But that's not what they do. They speak of the deficit at the "structural" rate of unemployment, which is a total nonsense.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jun 18th, 2012 at 01:22:47 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series