We Should Try To Create

It Should Be Possible To Emphasize To Students That The Level Of Employment Is A Macroeconomic Issue, Depending In The Short Run On Aggregate Demand And Depending In The Long Run On The Natural Rate Of Unemployment, With Microeconomic Policies Like Tariffs Having Little Net Effect. Trade Policy Should Be Debated In Terms Of Its Impact On Efficiency, Not In Terms Of Phoney Numbers About Jobs Created Or Lost.

I Think If You're A Liberal, You Believe That We All Are, At Least To Some Extent, Our Brothers' Keepers, You Really Believe That We Have A Sumptuary Responsibility To Make Sure That Life Is Decent For Everybody In America, That You Believe That Society Out To Be Broadly Shared, And You Believe That You Can't Have A Real Democracy Unless You Have A Little Bit, At Least, Of Economic Democracy.

If Europe’s Example Is Any Guide, Here Are The Two Secrets Of Coping With Expensive Oil: Own Fuel-efficient Cars, And Don’t Drive Them Too Much.

To The Extent That Sacrifices Need To Be Made, Shouldn't The People Who've Made Out Like Bandits This Past Generation Be First In Line? The Problem With Getting Out Of The Slump Is That We Need To Spend More. It's Not That Somebody Needs To Spend Less. We Have Idle Workers Who Have The Skills And The Willingness To Work. We Have Idle Factories. Dealing With This Is Not About Saying Somebody Needs To Suffer. It's Saying That We Need To Be Prepared To Open The Taps.

The World Economy Is In A Nosedive, And Understanding What I Call "depression Economics" - The Weird World You Get Into When Even A Zero Interest Rate Isn't Low Enough, And A Messed-up Financial System Is Dragging Down The Real Economy - Is Essential If We're Going To Avoid The Worst.