Sunday, October 10, 2010

Economic Nonsense From Ezra Klein at The Washington Post -- Seeking Alpha

Economic Nonsense From Ezra Klein at The Washington Post -- Seeking Alpha

Not particularly well written, but he makes some great points. The unfunded pension liability in this country is scary.

Key Sentence: "Kicking the can down the road solves nothing."

Unanticipated Consequences:
  1. Immediate Interests: Focusing on current unemployment levels, many of the proposed solutions to unemployment ignore the long-term effects of such solutions (hyper-inflation, lower productivity levels, etc.).

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