[Marxism] The fiscal cliff, Okun’s law and the Long Depression

Ian Ilett ianaylett at gmail.com
Thu Dec 27 10:28:23 MST 2012


Michael Roberts marxist economist blog:

"Neither Monetarist nor Keynesian measures have provided solutions
that raise the growth rate or restored employment back to pre-crisis
levels. As a result, the austerity measures that are planned in any
agreement on the fiscal cliff will not stop the government debt ratio
rising – the purpose of the fiscal cliff."

http://thenextrecession.wordpress.com/2012/12/27/the-fiscal-cliff-okuns-law-and-the-long-depression/




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