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View Diary: Bernie Sanders Manages a Graceful Parting Jab at Larry Summers (90 comments)

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  •  As well as GDP is not an accurate way to gauge (10+ / 0-)

    the complete health of a country. Consider that it measures production and how much economic output we produce en mass. Great! The stock market is booming! Yet wages have been stagnant, flat, and unmoving while we keep working ever harder!

    “The further a society drifts from the truth, the more it will hate those that speak it.” George Orwell

    by Tool on Sun Sep 15, 2013 at 07:24:19 PM PDT

    [ Parent ]

    •  Hey, gimme a break. (2+ / 0-)
      Recommended by:
      Tool, caul

      I took three economics classes 25 years ago. First one: macro, got an A- (the prof liked me), second: micro, got a B (prof felt sorry for me cuz I was in the midst of a divorce, third: money and banking, got a C (prof was a bastard). I learned enough to know that "recession" and "depression" have specific meanings to economists.

      My last statement is the most important:

      Obviously, the terms have little meaning to those who are suffering.

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