Is There a Useful "Neoclassical Macroeconomics"?
John Kay on Grand Theft Econ

Nick Kristof Makes Duncan Black Unhappy

Duncan writes:

Eschaton: Years Later: Pampered over-privileged scribe finally discovers that it's kinda bad when people don't have any jobs or money. Better late then never I guess.

Indeed. Nick Kristof:

Did We Drop the Ball on Unemployment?: WHEN I’m in New York or Washington, people talk passionately about debt and political battles. But in the living rooms or on the front porches here in Yamhill, Ore., where I grew up, a different specter wakes friends up in the middle of the night.

It’s unemployment.

I’ve spent a chunk of summer vacation visiting old friends here, and I can’t help feeling that national politicians and national journalists alike have dropped the ball on jobs. Some 25 million Americans are unemployed or underemployed — that’s more than 16 percent of the work force — but jobs haven’t been nearly high enough on the national agenda.

When Americans are polled about the issue they care most about, the answer by a two-to-one margin is jobs. The Boston Globe found that during President Obama’s Twitter “town hall” last month, the issue that the public most wanted to ask about was, by far, jobs. Yet during the previous two weeks of White House news briefings, reporters were far more likely to ask about political warfare with Republicans.

(I’m an offender, too: I asked President Obama a question at the Twitter town hall, and it was a gotcha query about his negotiations with Republicans. I’m sorry that I missed the chance to push him on the issue that Americans care most about.)

Why oh why can't we have a better press corps?

Comments