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The problem with the economy right now is not that there isn't enough money to fund corporations, it's that the average person isn't making enough regular incom

The problem with the economy right now is not that there isn't enough money to fund corporations, it's that the average person isn't making enough regular income.

jamesaguilar 16y ago
Look, I see what you are trying to say. But I don't think anyone knows exactly what the problem with the economy is, and if they did, I would not expect to hear about it for the first time in a comment on hacker news. The average person not making enough income is a symptom of almost every kind of problem that can occur in a free economy, but it is not a cause.
- natrius 16y ago
  If you're hearing that point for the first time today, then you've been paying very little attention to the discourse about the recession over the past couple of years.
  - jamesaguilar 16y ago
    Of course I have heard the contention that people are not able to buy things because their incomes are lower than they need to be. I'm saying that is a symptom, not a cause, of the current problems with our economy, and I have not seen it described credibly as a cause.
    - natrius 16y ago
      "This strongly suggests that it’s a weak labor market for everyone out there, and businesses have no trouble finding the workers they need; they just don’t know what to do with those workers, given weak demand." http://krugman.blogs.nytimes.com/2010/09/20/structural-impediments/ http://krugman.blogs.nytimes.com/2010/09/20/structural-imped... People aren't buying things (presumably because they can't afford them), so businesses aren't hiring. Look at the graph. Businesses aren't concerned about "Interest Rates & Finance", which means they can get the money they need. They just don't have anyone to sell things to. I don't think my accusation that you weren't paying attention has any merit since this is the article I was thinking of at the time, and it's only three weeks old. I apologize. I think there were other things said along these lines, though.

The problem with the economy right now is not that there isn't enough money to fund corporations, it's that the average person isn't making enough regular income.

jamesaguilar 16y ago

Look, I see what you are trying to say. But I don't think anyone knows exactly what the problem with the economy is, and if they did, I would not expect to hear about it for the first time in a comment on hacker news. The average person not making enough income is a symptom of almost every kind of problem that can occur in a free economy, but it is not a cause.

natrius 16y ago
If you're hearing that point for the first time today, then you've been paying very little attention to the discourse about the recession over the past couple of years.
- jamesaguilar 16y ago
  Of course I have heard the contention that people are not able to buy things because their incomes are lower than they need to be. I'm saying that is a symptom, not a cause, of the current problems with our economy, and I have not seen it described credibly as a cause.
  - natrius 16y ago
    "This strongly suggests that it’s a weak labor market for everyone out there, and businesses have no trouble finding the workers they need; they just don’t know what to do with those workers, given weak demand." http://krugman.blogs.nytimes.com/2010/09/20/structural-impediments/ http://krugman.blogs.nytimes.com/2010/09/20/structural-imped... People aren't buying things (presumably because they can't afford them), so businesses aren't hiring. Look at the graph. Businesses aren't concerned about "Interest Rates & Finance", which means they can get the money they need. They just don't have anyone to sell things to. I don't think my accusation that you weren't paying attention has any merit since this is the article I was thinking of at the time, and it's only three weeks old. I apologize. I think there were other things said along these lines, though.