tag:blogger.com,1999:blog-13617569.post4611304656191564112..comments2024-03-27T02:13:58.088-07:00Comments on Integral Options Cafe: TED Talks Editors Reject Nick Hanauer's Talk on Income Inequalitywilliam harrymanhttp://www.blogger.com/profile/06981478282688361274noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13617569.post-44444619369828698222012-05-19T18:35:10.069-07:002012-05-19T18:35:10.069-07:00Hanauer is making the Keynes argument in oppositio...Hanauer is making the Keynes argument in opposition to the Hayek argument. Or, demand-side economics in opposition to supply-side economics.<br /><br />I'm not sure he has much to add that's new, but it is an old truth that many in the public haven't heard and need to.<br /><br />I do think that there is such a thing as 'job creators.' Not everyone has the resources and moxie to start a business and bring in employees and take on the prime responsibility for a boatload of risk and craziness. But job creators are not the persons that make the economy hum, if only because there is an abundance of 'job creators.' It is, as Hanauer says, a confident middle class revving up demand that brings on an exuberant economy.<br /><br />I think by now the case is proved: Austerity will tend to result in a downward spiral of burgeoning suffering. A stimulating shot in the arm will bring on an upward spiral of demand and affluence.Anonymoushttps://www.blogger.com/profile/13718601770472939313noreply@blogger.com