A while back I read this piece by Jared Bernstein on improving the economy and though there weren't a lot of really new ideas, his initial premise on fixing the economy "First do no harm" (from the Hippocratic Oath) struck me as a novel prescription (so to speak). And a premise that all too often, our own leaders ignore.
But not the Germans--I've read of their success, even through the downturn, with their own economy but this piece by Harold Meyerson explains it in a manner more for people like me whose eyes glaze over at the sight of the first economics pie chart. In a nutshell: the concerns of the working class are given equal weight as those of them that has the gold. Important note: in Germany, the rate of pay for the middle class has risen at roughly the same rate as those of the wealthy. Imagine that!
Here's the thing: when leaders look out for all and not for the few, things work out much better for the nation. It's not socialism. It's good sense.
Peace,
emaycee
Showing posts with label Jared Bernstein. Show all posts
Showing posts with label Jared Bernstein. Show all posts
Friday, June 24, 2011
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