Pages

Tuesday, December 17, 2013

"Conservatives Have No Idea What To Do About Recessions," J. Barro, Business Insider

The core belief of American conservatism is that worshipping ideology 
is the only path to prosperity.

***

Conservatives have no idea what to do about recessions. "[C]onservatives favor the same set of economic policies when the economy is weak and when it is strong; when unemployment is high and when it is low; when few homeowners are facing foreclosure and when many are. The implication is that conservatives believe there is nothing in particular the government should do about economic cycles. This is a big problem. Recessions are terrible. They create enormous misery by throwing people out of work and out of their homes. How can a political ideology have nothing to say about how to address recessions?" Josh Barro in Business Insider.

***

"Republican Rule and Economic Catastrophe: A Lock-Step Relationship"



No comments:

Post a Comment