No Jobs – The Theory of “Structural” Unemployment

factory

Carl Bloice: With high unemployment and no jobs, the actions of those in Congress who hold up the extension of benefits to the unemployed are morally repugnant. making it. The fellow who said the jobs are not coming back failed to say where they went.

Popular Delusions and the Madness of Crowds

Governement Spending

“Men…think in herds; …go mad in herds, while they only recover their senses…one by one.” — Charles MackayRepublican Assemblyman Roger Niello‘s recent editorial “Performance Based Budgeting Deserves a Look,” is his bid to appear as a man who has recovered his senses. In it, he reminds us that California’s state budget process is imperfect. The [...]

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