It’s not really their Germanic features and grooming that interest the chancellor, of course, but rather their sober, Germanic approach to global crisis: If in doubt, stick to the rules.
By virtue of being born in the wrong year, today’s college grads are doing far worse — and research shows that that disadvantage is likely to stick with them for years to come.
Study: Migration could be a source of world economic growth
A study conducted by the Center for Global Development in Washington D.C. estimates that the gains of eliminating barriers to labor mobility could be in the range of 50% to 150% of world GDP and that it could be measured in “tens of trillions of dollars.”
“Migration barriers massively impoverish the world,” said Michael Clemens, the author of the study and Senior Fellow at the Center for Global Development. “Even a small relaxation of those barriers would add more value to the world economy than the elimination of all our policy barriers to trade and all barriers to all kind of capital movements.”
Ezra Klein: Stabilizing into a crisis
But the Dow Jones industrial average isn’t diving because spending has risen, deficits have grown or stimulus policy has changed. It’s diving because of forces Washington can’t control, and in many cases, doesn’t understand very well.
Peter Orszag: Hard Slog -- the Real Future of the U.S. Economy
One important way in which the official projections may turn out to be too optimistic involves unemployment. The fundamental impediment to getting jobless Americans back to work is weak growth. Yet that is the norm rather than the exception after the type of experience we have lived through. Recoveries following financial collapses tend to be frailer than those associated with other sorts of economic declines. As a result, unemployment is likely to remain stubbornly high for a significant period.
It's All Greek To Mitch…
“We look a lot like Greece already.”
Yep, aside from the fact that everything is different.
Robert Reich: The Truth About the Economy
