Friday, April 30, 2010

Thank God, we have the Internet...

... where false statements can be exposed within minutes. Check this in Krugman's blog by
saucymugwump
Denver, CO
April 30th, 2010
4:11 pm
-- "You wrote "Europeans are reluctant to move even within their countries, let alone across the many language barriers." The truth is that 750,000 Poles and other East Europeans moved to the UK for work since Poland joined the EU. The Independent UK (http://www.independent.co.uk/news/uk/home-news/tide-of-migration-turns-as-polish-workers-return-787914.html
) reported on the large numbers of Poles returning to Poland because of the effects of Depression 2.0.
Okay, so that settles the issue of inter-country. As for intra-country, East Germany has lost many people, especially women, mainly to West Germany. There are cities in the former GDR like Leipzig where apartments are empty because so many people have left (http://www.reuters.com/article/idUSLE21517020080825
); Leipzig has around 40,000 empty apartments. Obviously not everyone has left because the unemployment rate in the east is double that of the west, but that's because almost all of the jobs evaporated in the GDR because its industries could not compete. The movie "Goodbye Lenin!" featured a Berlin apartment where the residents left shortly after the fall of the Berlin Wall and never returned; this was a common occurrence (see http://www.spiegel.de...,1518,603515,00.html/
 for an actual apartment).
As for the USA being able to handle "asymmetric shocks" by transferring workers from depressed areas to prosperous ones, why don't you explain how your theory fits cities like Detroit with a 50% unemployment rate?
http://saucymugwump.blogspot.com/" ---
Read more in Krugman's blog and enjoy some of the magnificent comments from readers, which re-lift the spirit of believing in rational thinking after being brought down by Krugmanian nonsense.

No comments:

Post a Comment