Sir Barken Hyena writes:
Economists are not humans. Reminders are never far away but this is a good one.
“It’s overwhelmingly likely that we’re going to want the public sector to be a larger share of the economy in 10, 20, 30, 40 years than it is today and we need to find relatively growth-friendly ways to make that happen.”
First of all, who’s this “we”, white woman? What’s overwhelmingly likely is bankruptcy, which just might bother a few people out there, like, you know, voters for example. Is the response to that likely going to be an increase in trust of the government? How far up your own bubble can you go? And what a failure of imagination, poised as we are on the cusp of an age of unknowable change from a 1000 directions.
That’s from Matt Yglesias, not himself an economist. I’m also referring to the comments on the post, which are from economists: you can tell by the whiff of Asperger’s wafting off the page. Note how no one questions this premise! Like docile little sheep they follow him into this non-argument.