APP - Misguided Monetary Mentalities - by Nobel prize winning economist Paul Krugman

Watermark said:
It's safe to say that if we had taken the Austrian course we'd be in the dark ages right now.
Click to expand...

No. we would have had reasonable sustained growth. And they wouldn't have been able to hide the devastation of the working class with inflated public stock numbers and expansive credit.
 
Threedee said:
I guess the Taft-Hartley Act worked out for the best...
Click to expand...

I guess it rather depends on where you are/were at the time. And, of course, how one defines the 'working class'. There are very few people who do not need to work and many of the traditional working class find themselves in the growing numbers of NOT working people. So blue collar, no collar, white collar, part time, casual or should it be rich and poor, tertiary educated or inadequately educated (if there is a difference).
In the UK it was the early 60s when, for the first time we came to our senses and told the 'aristocracy' exactly what they could do with their old school ties.
But some might say the galvanising time was the Civil War with Thatcher!
 
Margaret Thatcher should have been removed by the military. Conservatives have no right to rule any place anywhere. They have no right to vote, no right to speech, and no right to hold government office.
 
Lowaicue said:
I guess it rather depends on where you are/were at the time. And, of course, how one defines the 'working class'. There are very few people who do not need to work and many of the traditional working class find themselves in the growing numbers of NOT working people. So blue collar, no collar, white collar, part time, casual or should it be rich and poor, tertiary educated or inadequately educated (if there is a difference).
In the UK it was the early 60s when, for the first time we came to our senses and told the 'aristocracy' exactly what they could do with their old school ties.
But some might say the galvanising time was the Civil War with Thatcher!
Click to expand...

I was being sarcastic to Watermark about his claim that the 1950's were a golden age for labor in the US. The decade began shortly after the passage of the Taft-Hartley Act, so he must be all for legislation that is widely regarded as one of the most anti-labor acts of all-time...
 
You must log in or register to reply here.
Back
Top