Oh dear! Just when you thought Simon Johnson had half a brain.
It's just exasperating to be surrounded by this much baloney. It's knee deep, everywhere you turn!
Impressionable students and nationwide AFL-CIO staff will be there asking for autographed books - unquestioningly cementing prior plausibility circuits, no matter how implausible. Swayed by the setting & credentials, regardless of situational relevance or logic.
White House Burning: Simon Johnson and James Kwak
The United States is mired in debt, and politicians are mired in gridlock. Join economist Simon Johnson, co-founder of the popular blog, The Baseline Scenario, who will show how the debasement of our political system in the 1980s and 1990s produced a dysfunctional Congress that perpetuates our debt-based economy.
Don't tell me, don't tell me! Let me guess. We're running out of fiat ... right?
It doesn't matter. At least Simon Johnson is "popular." That's all that matters to the output of our university economics programs these days.
We need to start checking more university staff for Academic Rigor Mortis.
(ps: while we're at it, start checking finance faculty for Vig Ermortis?)
Any chance that by 'debt' he means private sector debt?
ReplyDeleteYes I'm just kidding.
We have to have the American Assoc of Economics Professors start - pronto - addressing how to stop churning out misguided people like Johnson & Kwak.
ReplyDeleteDistribute mirrors at the next faculty meeting? (& door prizes for finding the problem?)
Co-localize all economics meeting with the homeless, and the unemployed, plus labor organizations?
In short, start taking citizenship seriously?
Interesting: This is how Tom Palley signed his latest post at his blog:
ReplyDeleteCopyright Thomas I. Palley
Senior Economic Policy Advisor, AFL-CIO
Did the AFL-CIO's "Senior Economic Policy Advisor" recommend this out of paradigm book?
btw A quick search of Palley's blog for either of the words 'endogenous' and 'exogenous' returned no results.
rsp,
I wonder if Michael Hudson also has some professional affiliations with organized labor groups?
ReplyDeleteRsp,
Methinks the leaders of organized labor would not be supportive of a public funded jg/big/elr in general .....
ReplyDeletePalley: "Cameron’s move confirms other reservations I have long had about the ELR proposal and the possibility it could also be used to undermine public sector unions and public sector wages by substituting ELR workers as replacements. "
ReplyDeleteHe is just trying to protect the leadership of his organized labor constituency.
rsp,