40 sats \ 10 replies \ @Undisciplined 2 Jul \ parent \ on: Robert Reich’s Blind Spots: The Elephant in the Progressive Left’s Room econ
Friedman is a good example of someone with no economics credentials, who nonetheless is an economist. He thinks like an economist and he has been employed as an economist.
Anyone who advocates Fed printing to curb unemployment has most likely not made the connection between inflation and inequality, which is the criticism we were talking about at the beginning.
Where was my original point about inflation and inequality?
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The original post is about how progressives, like Reich, don't understand that the Fed creates inequality when it inflates the money supply.
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Right. And I disagreed with Reich being lumped in with the others and your response was he is not an economist.
Am I missing something?
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He lumps the labor economist in with politicians
That's why I noted that he is not an economist.
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Ah, disagree. I know PhDs in Physics and Chemistry who are advanced engineers and confer PHDs in Biomedical Engineering. They'll yell you they are both. One says I'm educated in Physics, but work as an engineer.
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That's fine. I wasn't expecting this to turn into a debate about the meaning of "economist".
I am a labor economist and I don't think of him as one of us, because he wasn't trained in labor economics and he doesn't work as a labor economist. I can appreciate that these fine distinctions that are drawn within a field may not be shared by those outside the field.
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Secretary of Labor is never an economist
And not just Labor. Any cabinet level position is a political appointment.
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You’re missing everything
Reich should be lumped with the communists and progressives.
He is not an economist. You challenged us to verify and we did
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I can't tell which side you arguing half the time. Sometimes both.
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His parents and uncle all had PhD in economics from U Chicago
Milton Friedman
Rose
Aaron Director
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