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Question 1: Do you agree with Gerald Friedman that the labor movement needs to become more...

Question 1: Do you agree with Gerald Friedman that the labor movement needs to become more radical (through the use of strikes) in order to stay relevant, or is there something else needed to "reignite" it?

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Answer #1

Agreed ,I side with Gerald Friedman and the Sanders campaign. The Romer/Goolsbee/Krugman response has been that Reagan-era growth rates are impossible. Whereas most conventional economists believed in the not too distant past that the economy was recovering to previous rates of growth, they have backed off and now proclaim that our economic potential is lower, because of demographics.

The Sanders’ proposals obviously change the bounds of what is possible. Not only can we have higher growth (as Friedman discusses), but also improved societal well-being at lower rates of growth. This is the discussion we should be having, but the response from Krugman et al has been to distract attention from what is important.

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