Jobs Summit

December 5, 2009

This is a good recording of a broadcast on a Minnesota National Public Radio program with economists Russ Roberts and Josh Bivens discussing the jobs summit.  The economists get going about 10 minutes into the recording.

Josh represents what I disdain.  He comes across as confident, smart and completely disconnected from the you and I.  He’s an intellectual elite.  I’ve personally seen his type wreck companies and then rationalize why it wasn’t their fault.  His types also created the financial crisis.  I believe his types evolved from what was once known as a snake oil salesman.  He’s playing a con.  I’m not sure if he really even cares if he’s right or wrong.  His main motivation is to be seen as the smartest guy in the room.

Folks like Russ, on the other hand, we should listen to more.  He says, “I want you to be skeptical, even of me.”  He connects with the callers on the phone and understands what’s going on in their lives.  He says we shouldn’t trust economists, especially those with a great deal of data and models supposedly backing them up.

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