After studying economics for 6 years, which availed me of the merits of free markets, I have circled back to the conclusion that, overall, Democrats will benefit most people in the long run far more than Republicans. I chronicle my observations in this blog.
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Tuesday, October 26, 2010
Creative Destruction not so creative
"This is important because Economists habitually downplay the difficulty of finding a new job, choosing to see shakeups as good for the economy and in the long run, for the employee, who'll no doubt just learn new skills in order to better compete in the new economy. Such consideration flies in the face of reality, as the IMF report shows. Of course, the IMF is a well-known Marxist organization, so I guess you have to take it with a grain of salt. " - Ezra Klein
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Unemployment
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