All Commentary
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