Question
2010-09-22 · Original WordPress address
All the heat on the issue of AD policy overshadowed and even delegitimized discussion of policy to deal with structural issues in the labor market. Suppose the latter policies were cheaper economically and politically. In this case, while the benefits are smaller (only 1/3rd of unemployment would be addressed according to RA) the cost/benefit analysis would still come out in favor of policies addressing the structural issues.
Was the acrimony and name-calling worth it?