it starts with this misconception that businesses are job creators. it s like a business person calling themtsz a job creator is like a squirrel claiming to create evolution. it s not true. it s the other way around. the romney people put it beautifully this week when one of them said that there are people who are the engines of the economy, the job creators and everyone else relies on that engine. this way of expressing it shows perfectly how deeply we misunderstand the economy. the economy is characterized by feedback loops like any eco-system, and it s about a circle of life feedback loop between customers and businesses. ezra, basic economic courses teach basically that, but politics loses that the concept completely. politics is never not dpor being economically sophisticated. you can t have jobs and you can t have expansion without people there to buy things. the idea is what we need right
are job creators. it s like a business person calling themtsz a job creator is like a squirrel claiming to create evolution. it s not true. it s the other way around. the romney people put it beautifully this week when one of them said that there are people who are the engines of the economy, the job creators and everyone else relies on that engine. this way of expressing it shows perfectly how deeply we misunderstand the economy. the economy is characterized by feedback loops like any eco-system, and it s about a circle of life feedback loop between customers and businesses. ezra, basic economic courses teach basically that, but politics loses that the concept completely. politics is never known for being economically sophisticated. you can t have jobs and you