Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

Copyright Notice

Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Wednesday, September 22, 2010

What Is Holding Back Employment Growth?

Krugman offers a simple, straight-forward explanation:

 Businesses aren’t hiring because of poor sales, period, end of story

James Hamilton at Econbrowser disagrees, citing Russ Robert's specious contention that the twin problems are  taxation and regulation.  You can stop laughing now.  Roberts is from Cafe Hayek, and I've ridiculed him here before, though with the snark dialed down a bit, for me.  (And his response was quite gracious - I do admire that.)    Hamilton also displays Catherine Rampell's now notorious graph, though it's not at all clear that he read her text.  (I'm not going to reproduce it here.  It's in the links, and if you haven't seen it, you don't read anything about econ.)

All this set off an interesting and quite spirited comment string, where I was one of the commenters, natch.

My comments are brilliant, of course, but many others are also worth reading, (Johnathon's are particularly informative)  even those from the right-wingers - though mainly for their illustrative sheer wrongitude.  Interesting also, that total strangers had my back against some of the sillier contrary comments.  So I made sense, other than just to myself.

Food for thought.  Check it out.

1 comment:

Bing (PinkLady) said...

touche'! period... end of a sad but true story. brilliant haiku, jazzbumpa!

Respect (Haiku)