Paul Krugman’s got zombie skills
NYTimes: “The Skills Zombie” by Paul Krugman.
a zombie doctrine — that is, a doctrine that should be dead by now, having been repeatedly refuted by evidence, but just keeps on shambling along.
In this post Krugman addresses two zombies:
our work force lacks essential skills
the deficit obsession that almost completely dominated establishment thinking from late 2009 until very recently
disasters brought on by inadequate demand have an easy economic answer — just spend more!