Who Is Unemployed?

Does an unemployment rate of 8.3% mean we have 8.3% unemployment? Not necessarily. Using what Abbott and Costello might have said, a Huffington Post journalist explains why. Costello: I want to talk a…

Greek Austerity Facts

With a March 20 deadline approaching, new European bailout negotiations continue to emphasize austerity. Curious about what austerity specifically meant, I looked at a Greek newspaper. In the sports s…

Jobs Questions

Hearing that the U.S. economy gained 243,000 jobs last month, wouldn’t you think that there were 243,000 more jobs? NY Times financial journalist Floyd Norris explains that actually, the economy…

Stagnation or Education?

Is the problem stagnation or education? For George Mason economist Tyler Cowen, it was all about his grandmother. Debating MIT economist Erik Brynjolfsson, Cowen reminded us that a long list of innova…

Environmental Dilemmas

The environment or employment? Smart meters: Environmentally superior, they automatically transmit data about electricity usage. As a result, we can better manage our demand for energy. The tradeoff? …

Should We Buy American?

How to diminish unemployment? The NY Times tells us about a Montana general contractor who plans to use only American-made goods for building his homes. Explaining, he said,  “I think we co…

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