Inflation — Fighting the Last War

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Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.

Friday Feedback: Education to Cure Job Losses

Friday Feedback: Once again it is stated by Dr. Reich that education is the best way out of the recession and job loss problems faced by many Americans. This is at a time when states are cutting funding for education causing teacher layoffs, program cuts and an ever increasing sense of unease among parents of school-age children. Technical schools are seeing their enrollments rise as many recognize that their former occupation either no longer exists or exist at a markedly lower pay scale.

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