Reich is right on things replacing demand but doesn’t know operationally how the monetary system works so we winds up losing the debate.
That’s why the media likes to have him on.
>
> On Fri, Apr 3, 2009 at 3:10 PM, Roger wrote:
>
> Where do they find these people?
>
> Unfortunately, on prime time news (& in both political parties)
>
Robert Reich’s Dangerously Simplistic Economic View
by Joe Weisenthal
Apr 3 (Business Insider) — “Larry Kudlow’s favorite liberal says the key is for the government to replace lost demand. Turns out, there’s no such thing.” [that’s news!]
Listening to newscasters, pundits & politicians is like choosing your poison. Each waves their brand of dangerous simplicity – each of which is precisely wrong, or at best partially right.
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