« Rising Health Spending Is Not Just About Seniors | Main

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

This whole discussion is important. To me the unemployment problem after a deep recession is resolved only as firms can establish for themselves where their new 'place' is in the economy. Disequilibrium throws everyone off and there is an uncertainty as to what a firm's prices and wages should be relative to all the other firms - who are trying to solve the same problems. Who goes first? Compared to what? Are our new prices too high or too low in this new environment? etc. The grind back to equilibrium, rather than a spring-back, is a testament to this process. The clearer the picture, the easier to make the 'right' decision in an ever-changing environment. Really don't need a Phillips curve at all. Just time.
Nice to see you posting Nick!

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)

Search this site

  • Google

    WWW
    worthwhile.typepad.com
Blog powered by Typepad