But Wall Street People Are In Fact

The Economic Expansion That Began In 2001, While It Has Been Great For Corporate Profits, Has Yet To Produce Any Significant Gains For Ordinary Working Americans. And Now It Looks As If It Never Will.

Generous Unemployment Benefits Can Increase Both Structural And Frictional Unemployment. So Government Policies Intended To Help Workers Can Have The Undesirable Side Effect Of Raising The Natural Rate Of Unemployment.

We're Living In A Dark Age Of Macroeconomics. Remember, What Defined The Dark Ages Wasn’t The Fact That They Were Primitive — The Bronze Age Was Primitive, Too. What Made The Dark Ages Dark Was The Fact That So Much Knowledge Had Been Lost, That So Much Known To The Greeks And Romans Had Been Forgotten By The Barbarian Kingdoms That Followed.

There Has Been Plenty To Criticize About President Obama’s Handling Of The Economy. Yet The Overriding Story Of The Past Few Years Is Not Mr. Obama’s Mistakes But The Scorched-earth Opposition Of Republicans, Who Have Done Everything They Can To Get In His Way - And Who Now, Having Blocked The President’s Policies, Hope To Win The White House By Claiming That His Policies Have Failed.

However, The Fact That An Economist Offers A Theoretical Analysis Does Not And Should Not Automatically Command Respect. What Is Needed Is Some Assurance That The Analysis Is Actually Relevant.