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    Economics /

    Can We Change Group Think?

    May 9, 2011

    People keep asking me: what would you do? That’s a good question. It’s all very well to comment on all the follies of current economic policy – as I see them – but, really, what would I do? Each of us has a personal list of things that irk them and need fixing. Most of […]

    Economics / GDP, jobs, unemployment, wages /

    More Jobs, More Unemployment?

    May 6, 2011

    I would be remiss if I ignored today’s employment report. It was generally good news. The economy added 244,000 jobs in April, with a gain of 268,000 in the private sector being offset by a decline in the public sector as state and local governments reduce their workforces in an attempt to balance their budgets. […]

    Economics / consumption, deficits, fiscal policy, GDP, jobs, Keynes, monetary policy, recession, recovery, stimulus, unemployment, wages /

    What The … Where are the Jobs?

    May 5, 2011

    Quick question: when does a series of “special circumstances” become the norm? The reason I ask is that today we heard bad news on the unemployment front. And, frankly, I am tired of being told that the recent string of reversals in the labor market are all just a sequence of disconnected oddities that mean […]

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