Today I am sharing with you an article arguing that unemployment rates during the Great Depression were overstated, that current unemployment rates are understated and that the two sets of data considered in combination indicate that we are are firmly in Depression-era levels of unemployment.
posted by jason's_planet
on Nov 12, 2011 -
78 comments
A Frank and Sobering interview with Milton Friedman In fact, all of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. (via Econlog)
posted by trharlan
on Sep 17, 2003 -
50 comments