Skip to comments.Professor Blinder Shows a Blindness to the Entepreneurial Spirit
Posted on 07/20/2010 7:38:32 PM PDT by JimPrevor
At one point toward the end of his article, Professor Blinder downplays conservative concerns over the disincentive to work that unemployment insurance creates: As the unemployment rate rises, the disincentives that worry conservatives become less important because there are fewer jobs to find In this line, we see a true conflict of visions about the way the world works. Professor Blinder sees some fixed number of jobs out there and too many people fighting for them.
He thinks that businesses dont hire more because there is not enough demand for their products. Yet this is an impoverished view of the motivations of entrepreneurs. In my own small business, not one of our products was launched with any known demand, but we believed in our products, and ourselves, and thought we would create the demand. This is not atypical.
When Sam Walton created his first supercenter, nobody in America was clamoring for this, and then it became the most successful retail format in the country. How many years of losses did Amazon.com absorb before demand caught up to the idea? There are no neighborhoods gathering petitions because they lack a pizza place or a great diner or a Chinese take-out yet they open every day, mostly on the belief of entrepreneurs in themselves and the willingness of friends and family to back a worthy entrepreneur.
(Excerpt) Read more at weeklystandard.com ...
Professor Blinder has his cushy job. Everything else is just theory, at least to him.
Which Blinder is that? #1 or #2?
Transcript of Pelosi, House Democratic Leaders, and Economists Press Conference Following Economic Forum 10/21/2009
Economic Expert #1. Alan Blinder 10/21/2009
So for that reason, despite the fact that were looking at an absolutely horrendous long-term fiscal outlook,
Wall St. Journal : The Case for Optimism on the Economy 12/16/2009 | Alan Blinder
Economic Expert #2. Alan Blinder, 12/16/2009
Let me offer instead, in deliberately one-sided fashion, the case for optimism.
blinder was a brilliant student in the early 70’s.
He hasn’t said anything smart since, but his latest rant was so off the charts, i thought the other moron- krugman wrote it.
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