{"id":191317,"date":"2009-09-03T18:47:00","date_gmt":"2009-09-03T23:47:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/09\/03\/a-new-term-to-describe-our-economy\/"},"modified":"2009-09-03T18:47:00","modified_gmt":"2009-09-03T23:47:00","slug":"a-new-term-to-describe-our-economy","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/09\/03\/a-new-term-to-describe-our-economy\/","title":{"rendered":"A New Term to Describe Our Economy"},"content":{"rendered":"<div style=\"text-align: center;\"><span style=\"font-size:180%;\"><a style=\"font-weight: bold;\" href=\"http:\/\/www.economicpopulist.org\/content\/krugman-defines-new-economic-state-purgatory\">Purgatory<\/a><\/span><\/div>\n<p>The shrill one, Paul Krugman, noted on Stephanopoulos&#8217; show, that, &#8220;We&#8217;ve got a problem with terminology because we usually say either the economy is in recession or the economy is recovering.   Either you&#8217;re in hell or you&#8217;re in heaven.   And the trouble is we&#8217;re actually in purgatory.&#8221;<\/p>\n<p>You can see it on the video at about -7:20. (it counts down, not up, and there is a 15 second ad)<\/p>\n<p>This is a term which should stick.  &#8220;Jobless recovery,&#8221; like the last 2-3 recoveries, sounds so benign.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Purgatory The shrill one, Paul Krugman, noted on Stephanopoulos&#8217; show, that, &#8220;We&#8217;ve got a problem with terminology because we usually say either the economy is in recession or the economy is recovering. Either you&#8217;re in hell or you&#8217;re in heaven. And the trouble is we&#8217;re actually in purgatory.&#8221; You can see it on the video &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1130],"tags":[],"class_list":["post-191317","post","type-post","status-publish","format-standard","hentry","category-economy","category-language"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191317"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=191317"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191317\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}