Krugman: Spend Now, Save Later

[HappySqurriel]

Akvod said:

Sqrl said:

Akvod said:

What are we doing? >.<

Punishing the Jobless

http://www.nytimes.com/2010/07/05/opinion/05krugman.html?_r=1&hp

Thanks for the link. I can really see how off I was about Krugman after reading that piece.

 

I mean knew Krugman had turned into a bit of a political hack, but I had no idea it had gone that far.

So, you're against extending unemployment benefits, given the extraordinary conditions we're in now?

How long after being laid off from "Buggy Whips Inc" should the lead buggy whip designer give up on finding a comparable position with another buggy whip manufacturer, and accept a (likely lower paying) lower level job in another industry? If he is earning more on unemployment than he will at this lower level job what is the likelihood that he will ever accept the position?

If you were hiring someone to fill a position are you going to seriously consider the candidate who has been on unemployment for 3 years?