As the downside of low unemployment, traffic congestion can have an invisible cost that relates to time, gas, and aggravation.
The Monetary Policy Mistakes of a Babysitting Co-op
There once was a French economist whose name was Say. Proclaiming that “Supply Creates Its Own Demand,” Jean-Baptiste Say (1767-1832) entered economic history with Say’s Law. All he meant was that workers are also consumers. The money you receive for producing a good or a service…