Given the state of the economy, wouldn't it make more sense to fire six percent of the bankers? Or, given the state of economics, wouldn't it make sense to fire six percent of the economics professors? Just saying. Why don't we try massive layoffs in the fields that are really failing, rather than take it out on scapegoats? Why anyone would think mass firings would improve performance in any venue is beyond me. Some people, I think, who call themselves economists, are little more than lobbyists in disguise. Via Joanne Jacobs, who has perhaps rethought her initial enthusiastic support and pulled her post.
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