Friday, January 27, 2006

Econ humor

If indeed there's humor to be found there. MaxSpeak, You Listen!:
Forgive me for repeating myself, but for job growth, this has been one stinky recovery.

It happens that the extent of actual job growth can be accounted for by growth in public sector jobs. And there's nothing wrong with that. However.

The upshot is that the triumph of Republican-conservatarian economic policy consists of an expansion of government jobs financed by loans from the Communist Peoples Republic of China.
Brad DeLong points out the additional irony that the great economic success of the Vietnamese Communist Party derives largely from their support for union busting and sweatshop labor in Nike factories.