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Friday, January 8, 2010

Economy Sheds 85,000 Jobs in December

“The American economy lost another 85,000 jobs in December, and the unemployment rate held steady at 10 percent, tempering hopes for a swift and sustained recovery from the Great Recession.” (New York Times, Friday)

Yeah, but those quitters are the unseen.  What we need is more stimulus.

FEE Timely Classic:
The Depression You Never Heard of: 1920-1921” by Robert P. Murphy