[lbo-talk] Krugman on why the stimulus should be $600bn minimum

[Doug Henwood]

On Nov 11, 2008, at 1:23 PM, John Thornton wrote:


> While I do like Krugman I hate the "natural" rate of employment.

Nothing "natural" about it. But there probably is some rate - hard to  
name exactly - that divides the situation where labor has the upper  
hand from where capital does.

Doug