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Weak Jobs Report

This week brings us the two monthly snapshots of employment: today’s ADP data, and Friday’s government report. Unfortunately ADP didn’t get us off to a good start. According to ADP – the big payroll processing company – the private sector only added about 158,000 jobs in March, the weakest gain since October. For comparison the […]

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Stockman Lost It

You remember David Stockman I assume. He was Ronald Reagan’s Budget Director and an advocate of the economics that permeated the early years of the exodus from California by the horde of radical right wingers seeking to throw out each and every strand of social safety net, social insurance, and anything remotely attached to the […]

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Economic Errors?

File under ‘plus ca change … ‘: “Economic theory went astray when theoreticians focused their attention on the allocative functions of markets to the exclusion of their creative functions, which are far more important since they serve as an instrument for transmitting changes” “it is true that, at the moment, the status of economics appears […]

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