Thursday, June 16, 2011

Non-environmental economics post

© 2011 Joshua Stark

But, it's a quick one.

I just wanted to re-post this quotation from Professor Brad DeLong's blog:

"A depressed economy with a slack labor market, low wages, and very low interest rates can be consistent with high asset values and ample corporate profits. But policies that produce such an outcome aren't policies for economic recovery. They are policies for class war. They are not in the public interest..."

1 comment:

Donald "Bud" Stark said...

Is that ever being played out on the political scene now!