FionaK |
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| @ Oor Wullie
If you do not know what a neoclassical economist is you should take the trouble to find out.
Neoclassical economists are committed to high rates of unemployment because they consider that inflation is the most important thing and they also consider that without high unemployment inflation will be out of control. Try googling for NAIRU and The Phillips curve. Do not content yourself with wiki, either: read some of the MMT theorists as well: and the neokeynesians, perhaps. They both offer an alternative view of how the economy works, though the so called neokeynesians are far closer to the neoclassicals than they should be, given the name
The actuaries you quote are founding on those premises because they omit relevant facts, like they are putting the unemployed on the wrong side of a very simple equation. What is it that you fail to understand about that? Do you even understand a dependency ratio and its relevance
People here are giving you hard facts: but we can't make you understand them if you are determined not to
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