From the Economic Policy Institute, Mr. Mishel explains the cure to our malaise but never mentions what actually caused the crash. Listen to the video, and tell me when this guy actually states the sickness, yet he is full of cures.
Also, point out to me where he mentioned public sector unemployment, still the lowest, still the group with a 30% consistent wage gain over the private sector. Yet he wants to fix private sector employment by hiring more government workers!
See if he explains why government productivity statistics were discontinued in the early 90s, and never measured since. Hint.
We crashed with oil at 65$/barrel. Oil is now $70, so does he explain how more government work is going to reduce that price?
I am looking for economists who 1) do not treat government as some exogenous source, and 2) actually state the cause of the Great Recession before talking about cures.
Also, Mark Thoma is tiring the way he protects half-wit economists going about curing everything without the slightest notion of what they are curing.
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