Introduction The economy created 215,000 new jobs in November. A paltry 11,000 were manufacturing. Is that good enough? In previous recoveries we would have been seeing jobs created at a much higher level. But that number is not quite the story. Actually, we saw 4,586,000 new hires in November. That...
Introduction "Our analysis leads us to believe that recovery is only sound if it does come from itself. For any revival which is merely due to artificial stimulus leaves part of the work of depression undone and adds, to an undigested remnant of maladjustments, new maladjustments of its own."...