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PS Talos.  In your line:

"Most of these justifications of austerity are in moral in nature,"

i think you mean immoral. Since it's such a key description of the situation (not moral at all), i suggest the change.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Tue Jan 10th, 2012 at 11:54:12 AM EST
[ Parent ]
The justifications take the form of morality plays.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Tue Jan 10th, 2012 at 12:17:29 PM EST
[ Parent ]
i was only saying i believe he meant immoral, not "in moral." it's why i put (not moral at all) in parens, as a dictionary meaning. there was no attempt at finding a morality play, just word editing, that's all.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin
by Crazy Horse on Tue Jan 10th, 2012 at 12:52:33 PM EST
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He wrote Most of these justifications of austerity are moral in nature, you quoted Most of these justifications of austerity are in moral in nature.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Tue Jan 10th, 2012 at 12:56:01 PM EST
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I corrected it after Crazy Horse pointed out the mistype. (Thanks Crazy Horse!)

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Tue Jan 10th, 2012 at 01:20:48 PM EST
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And, yes, the morality of the austerians is s sickly immoral kind of twisted morality.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Tue Jan 10th, 2012 at 12:57:19 PM EST
[ Parent ]
The "morality" of the austerians is boot licking, ass kissing, and toadying TPTB.


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Tue Jan 10th, 2012 at 01:01:03 PM EST
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It's also "common sense" for more ordinary people than I want to fathom.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Tue Jan 10th, 2012 at 01:02:49 PM EST
[ Parent ]
In this situation "common sense" is shorthand for "how the hell did we get in this mess?"

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Tue Jan 10th, 2012 at 01:06:00 PM EST
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No, no, it's shorthand for "money is a thing", "the government is like a household", "savings create investment", and so on.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Tue Jan 10th, 2012 at 01:07:39 PM EST
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i think you mean immoral. Since it's such a key description of the situation (not moral at all), i suggest the change.

It would be a mistake to stay in the same paradigm. We want an economy that produces and supplies everything the population needs.

by Katrin on Tue Jan 10th, 2012 at 12:26:19 PM EST
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And we're in this situation because we pretended we could supply everything the populace wants.

Let's not relieve the populace of its responsibility to attend to its duties as enlightened voters.

Could there be a connection?

Maybe democracy is the problem, in the absence of education. For everyone.

Align culture with our nature. Ot else!

by ormondotvos (ormond.otvosnospamgmialcon) on Tue Jan 10th, 2012 at 10:07:42 PM EST
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