Kathleen Peine: The unemployment report came out recently, and Punxatawny Phil saw a service sector job — that means six more years of growth. Or something like that. It’s all very complicated.
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.