Run the French economy

[L'Impresario]

Employment isn't the be all and end all of an economy, in fact one shouldn't try to tamper too much in the labour market at all because any attempt to lower unemployent is inflationary (Phillips Curve - look it up) and in the long run employment will fall back to the natural rate, but the inflation will remain (rightward shift of the Phillips Curve).

Just like fighting inflation isn't the the be-all, end-all, low unemployment doesn't mean higher inflation. Isn't it ironic, that keynesian dreadnaught, the Phillips Curve, was brought to serve monetarist approaches,albeit in its augmented form.
Truth be told, new-keynesian economics have greater appeal lately than during the most part of these 25-30 years. Ofcourse now you have economists that claim they have good models that take into account stagflation. But there are so many instances where reality proves them wrong, that one should wonder if they’d predict that the US would continue having low unemployment and low inflation since the 90s.

And to claim that the fanatic monetarists were able to promote financial rationalism after Keynes v1.0 was burried…hmm, this is more of a political than economical issue. Economic success is in the eye of the beholder. It’s a fine balance and expecting that privatizations will always be a positive thing, because people are rational, know how to construct the proper institutional framework and will do so, well that’s been proven many times over to be a folly (international reaganomics have helped increase the "outcry" against such practices, providing a nice definable target for the poorer ones).

[Brenus]

“You're a bit too sensitive”: Er, yes I am. But this Cheese-Eater goes directly on my nerves faster than sarin. Sorry.

“27 hours a day..' comes from an excellent satirical book,” Well, that the cultural difference, I never heard about it.

“The industrial revelation was the discovery made by all the factory owners at once, that women and children could be worked 27 hours a day without many of them dying or becoming excessively maimed." Like this one. The self inflicted slavery but workers who thought they were free… Good definition.

“Yet another DIY economist who doesn't know or understand what they're talking about.” Yet an other person who believe that economy is a independent from society: better to be a beggar in a rich country you have more bin to research for food…

“Too much state control or interference ruins the pluralism that makes market sytems effective”: Probably why we have more and more private monopolies than state one which control any aspects of ours lives and made HUGE benefits thank to the so-called free-market which concentrates more and more big industries and kills all small initiatives…

[Banquo's Ghost]

“You're a bit too sensitive”: Er, yes I am. But this Cheese-Eater goes directly on my nerves faster than sarin. Sorry.

“27 hours a day..' comes from an excellent satirical book,” Well, that the cultural difference, I never heard about it.

I should have posted more smilies, I guess. Especially when using a reference to a peculiarly British book.

The book ends, for example, with the end of the First World War - when it notes that "America was now Top Nation, and therefore history came to a ."

Spoiler Alert, click show to read: 

See, US readers would see this as 'history came to a period' (?) but the inventors of the language would know the punctuation mark as a 'full stop'

Louis, if I had the time in my schedule, I'd laugh . Let's do lunch.