But Where Will The Fed Find Another

Generous Unemployment Benefits Can Increase Both Structural And Frictional Unemployment. So Government Policies Intended To Help Workers Can Have The Undesirable Side Effect Of Raising The Natural Rate Of Unemployment.

So What Are The Effects Of Increasing Minimum Wages? Any Econ 101 Student Can Tell You The Answer: The Higher Wage Reduces The Quantity Of Labor Demanded, And Hence Leads To Unemployment.

Our Grandfathers Lived In A World Of Largely Self-sufficient, Inward-looking National Economies - But Our Great-great Grandfathers Lived, As We Do, In A World Of Large-scale International Trade And Investment, A World Destroyed By Nationalism.

If You Want A Simple Model For Predicting The Unemployment Rate In The United States Over The Next Few Years, Here It Is: It Will Be What Greenspan Wants It To Be, Plus Or Minus A Random Error Reflecting The Fact That He Is Not Quite God.

I'm Not Sure That The Current Value Of The Nasdaq Is Justified, But I'm Not Sure That It Isn't.