Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
We have an economic system that willfully steers away from full employment in the name of monetary stability.

Without achieving monetary stability, of course.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Fri Oct 22nd, 2010 at 09:56:19 AM EST
[ Parent ]
We have an economic system that wilfully steers away from full employment in order to prevent full employment.

While a reserve army of labour is not required for capitalism to function, it does make looting a lot easier.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Oct 22nd, 2010 at 09:59:09 AM EST
[ Parent ]
If you rely on volatility for your profits, none of this is bad.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Oct 22nd, 2010 at 10:35:29 AM EST
[ Parent ]

Display:

Occasional Series