Advertisements

Paul Krugman vs. Paul Krugman

krugman-998x736

Paul Krugman, Republican

  • “Here’s the world as many Republicans see it: Unemployment insurance, which generally pays eligible workers between 40 and 50 percent of their previous pay, reduces the incentive to search for a new job. As a result, the story goes, workers stay unemployed longer.”–former Enron adviser Paul Krugman, New York Times, Dec. 9
  • “Public policy designed to help workers who lose their jobs can lead to structural unemployment as an unintended side effect. . . . In other countries, particularly in Europe, benefits are more generous and last longer. The drawback to this generosity is that it reduces a worker’s incentive to quickly find a new job. Generous unemployment benefits in some European countries are widely believed to be one of the main causes of ‘Eurosclerosis,’ the persistent high unemployment that affects a number of European countries.”–Macroeconomics” by Paul Krugman and Robin Wells, second edition, 2009

Best of the Web Today-WSJ.com

Advertisements

One Comment on “Paul Krugman vs. Paul Krugman”

  1. […] Pundit from another Planet Paul Krugman, Republican “Here’s the world as many Republicans see it: Unemployment […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.