Monday, April 17, 2017

Krugman starting his attack on sandbox

Why Don’t All Jobs Matter?, by Paul Krugman, NY Times: President Trump is still promising to bring back coal jobs. But the underlying reasons for coal employment’s decline — automation, falling electricity demand, cheap natural gas, technological progress in wind and solar — won’t go away. ...
Why does public discussion of job loss focus so intensely on mining and manufacturing, while virtually ignoring the big declines in some service sectors ... in the face of internet competition...?
The web commerce is a starting point. He will soon be attacking pure cash. His entire theory rests on monopoly central banking.  

He is not a  problem, we are way too far ahead and he has an Overton window to maintain.

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