Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can … - Paul Krugman

Same topic Authors

Quote of the day

I grew up on American pop culture so everything that I fantasized about to get out of this sort of humdrum world of Bradford was about America. So when we decided to move there I was on the plane.

Paul Krugman

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.

Effect, Government, Philosophy, Political, Undesirable, Unemployment

Same Author Quotes

There's nothing magic about spending on tanks and bombs rather than roads and bridges.

Bridges, Magic, Nothing, Roads, Spending, Tanks

And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg.

Chickens, Eggs, Home, Misled, Nests, Scenarios

I admit it: I had fun watching right-wingers go wild as health reform finally became law.

Admit, Became, Fun, Law, Reform

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.

Mistake, Past, Story, White, Win, Winning

For decades the G. O. P. has won elections by appealing to social and racial divisions, only to turn after each victory to deregulation and tax cuts for the wealthy a process that reached its epitome when George W. Bush won re-election by posing as America's defender against gay married terrorists, then announced that he had a mandate to privatize Social Security.

America, Cutting, Gay, Posing, Social, Terrorists