Lars P. Syll — Whatever happened to the Swedish model?

Whatever happened to the Swedish model?
Lars P. Syll | Professor, Malmo University

What happened? Neoliberalism.

Mike Sax — Sumner is at it Again After Latest Job Numbers

I guess it falls to me to have to respond as no other Keynesians of any stripe seem to want to take a whack. He's clearly all but begging for a response.

[Scott Sumner:] "Yesterday I reported that RGDP growth in 2013 was running ahead of the pace for 2012, using either the official figures or the new Philly Fed GDPplus estimates.

Today we received another strong jobs number, which means that employment gains in the first ten months of 2013 are running at over 186,000/month, versus less than 183,000/month last year and 175,000/month in 2011."

"Given the predictions of the Keynesian model, anything even close to 2012 results would have been a win for MM. The Keynesian model predicted a sharp slowdown from the higher income/cap gains/dividends taxes, payrolls taxes, sequester, government shutdown, etc, etc. But we are running ahead of 2012, and even if the last two months are weak we will be essentially even."

"And yet on the Keynesian side of the aisle I hear a deafening silence. Where is the discussion of this great “experiment?” Could it be that academics and pundits only like to discuss experiments that validate their priors?

Dairy of a Republican Hater
Sumner is at it Again After Latest Job Numbers
evilsax

Warren Mosler to me via email:

Yoy takes out seasonals

 http://www.moslereconomics.com/wp-content/graphs/2013/11/real-gdp-yoy.gif

Corey Robin — Rights of Labor v. Tyranny of Capital

There you have it. The government requiring an employer to hang a poster informing workers of their rights is a violation of the employer’s liberty.

Employers requiring employees to attend a rally in support of Mitt Romney—or otherwise instructing employees how to vote in an election—is an exercise of the employer’s liberty.

Rights of Labor v. Tyranny of Capital
Corey Robin

Prelude to life in a Libertarian paradise, where ownership rights trump human rights and civil rights in world where those who own more are better than others owing to meritocracy.