Staring at the abiss with Paul Krugman | 235 comments (235 topical, 0 editorial, 0 hidden)

eventually you will reach full employment.

If you kill enough people, eventually the remainder will be employed

I'm not arguing this is the good way to do things, I'm just saying that eventually that's what will happen

Well, I am arguing the EU is acting as a force of evil, and in large part it is because the institutions are designed to act this way. It would take courageous civil servants and politicians to not do what they-re doing, since they could plausibly be accused of breaking the letter of the EU treaties and regulations.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 08:00:10 PM EST
[ Parent ]

Re: oh bah (none / 0)

I'm not arguing from a moral point of view here. If I did, well, sure, I agree that the ECB is acting very badly. And stupidly.

But that does not change the argument about what would eventually happen, as it is not a normative argument. And furthermore, you know just as well as I do that equilibrium would not be achieved by the unemployed starving to death.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sat Mar 17th, 2012 at 08:04:39 PM EST
[ Parent ]

Re: oh bah (none / 0)

equilibrium would not be achieved by the unemployed starving to death

You're right: they are, and it isn't.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 08:06:02 PM EST
[ Parent ]

Staring at the abiss with Paul Krugman | 235 comments (235 topical, 0 editorial, 0 hidden)

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