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"Structural" is Economist for "made up to fit my preconceived agenda."

See, e.g., "structural unemployment," "structural deficit," "structural reform."

If you want to meaningfully speak of a structural deficit, you would speak of the deficit at full employment. But that's not what they do. They speak of the deficit at the "structural" rate of unemployment, which is a total nonsense.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jun 18th, 2012 at 01:22:47 PM EST
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