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Reply #11


Response to AnotherMcIntosh (Reply #4)

Sat Sep 8, 2012, 02:05 PM

11. What we need is to get ourselves out of this liquidity trap

As I said, we know how the numbers work. More demand for goods and services will mean more jobs. It's basic equilibrium economic theory and it's not controversial.

Right now we are in a condition where real interest rates are negative. "Conservatives" have no model that shows that these conditions are even possible, let alone a rational policy to deal with it.

We need to invest more in things like roads, infrastructure, and we especially need to invest in education. That may get college educated people back to full employment but, in the case of lower skilled workers, I don't really have a good answer other than to unionize service workers.

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ck4829 Sep 2012 OP
Cary Sep 2012 #1
AnotherMcIntosh Sep 2012 #4
LineLineLineNew Reply What we need is to get ourselves out of this liquidity trap
Cary Sep 2012 #11
AnotherMcIntosh Sep 2012 #13
Cary Sep 2012 #16
AnotherMcIntosh Sep 2012 #18
Cary Sep 2012 #20
Freddie Sep 2012 #2
jody Sep 2012 #3
Nikia Sep 2012 #5
gkhouston Sep 2012 #7
SunsetDreams Sep 2012 #6
KG Sep 2012 #8
jody Sep 2012 #9
moondust Sep 2012 #10
MadHound Sep 2012 #12
NashvilleLefty Sep 2012 #14
jody Sep 2012 #15
jp11 Sep 2012 #17
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