Carolina Quotes[T]he economy should minimize suffering, while enhancing human dignity and self-worth.
John Komlos Connected to the Carolinas
Source
No citation is recorded for this quotation.
- work
- Foundations of Real-World Economics (2019)
- year
- 2019
no citation recorded
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“[T]he economy should minimize suffering, while enhancing hum…” John Komlos. Carolina Quotes, record CQ-9FB4C7384E. https://carolinaquotes.com/quote/9fb4c7384e
More from John Komlos
The US became a dual economy... which generated a lot of despair. Half the population is doing well and the other half is getting by... or getting by in very difficult circumstances... Trump would not have won otherwise in 2016. That's the basis of the Trump revolution... against... the political elite, the foreign policy elite, the intellectual elites.
[M]ainstream economics is fundamentally flawed [and] ignores the elephant in the room, which is the real existing economy.
They were also disregarding the real true unemployment rate... even in January of 2016, among African Americans 16%... were unemployed... so this is not full employment... and by education, among African Americans [those who did not finish high school] 32% were unemployed. Now you know why the George Floyds get into trouble with the law. They are not able to find their place in the legal labor market. ...So this is what Marty Feldstein and Donald Trump think of [as] a good economy. Not in my view!