Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"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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