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View Diary: Dean Baker: How much unemployment was caused by Reinhart & Rogoff (74 comments)

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  •  I agree -- GOP WANTS high unemployment (2+ / 0-)
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    peregrine kate, Roger Fox

    I think you're right in every point you made, and especially this:

    High unemployment drags down the cost and raises the compliance of the labor force. Someone seeing long lines at the UI office is not about to agitate for higher wages and better working conditions.
    At the leadership level, they're not "too stupid" (or ignorant/bullheaded/whatever...) to figure out the consequences of austerity, they actively want these consequences.

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