Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Friday, January 27, 2006

Great Ironies of Economic Policy

One of the great ironies of economic policy is that the historical role of the Vietnamese Communist Party has turned out to be that of a union-busting gang labor boss for Nike and other first-world manufacturing corporations.

Max Sawicky identifies a second great irony:

MaxSpeak, You Listen!: IT HAS COME TO THIS : Forgive me for repeating myself, but for job growth, this has been one stinky recovery.... [A]ctual job growth can be accounted for by growth in public sector jobs. And there's nothing wrong with that. However: The upshot is that the triumph of Republican-conservatarian economic policy consists of an expansion of government jobs financed by loans from the Communist People's Republic of China.

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