blogger.com - 1/21/2009
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The real U.S. economy has generally been ignored, including an "overabundance" of real assets and goods, that raised household living standards at a steeper rate, substantially greater efficiencies of firms, in producing more output with fewer inputs, and the government borrowing almost for free.
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The Economy Is Bad, but 1982 Was Worse
CARPE DIEM —
I thought it would make sense to get some clearer historical perspective, and the economists at the Bureau of Labor Statistics (BLS) were nice enough to help me do so. In the last week, they helped me put together a broad measure of the job market — one including both official unemployment and more subtle kinds — stretching back to 1970. Since the job market covers the entire economy and affects families in tangible ways, it seems to be the single best yardstick. ...
The US Economy Is Bad, But 1982 Was Worse
Daily Markets —
The US Economy Is Bad, But 1982 Was Worse By Mark Perry on January 22, 2009 | More Posts By Mark Perry | Author's Website I thought it would make sense to get some clearer historical perspective, and the economists at the Bureau of Labor Statistics (BLS) were nice enough to help me do so. In the last week, they helped me put together a broad measure of the job market - one including both official unemployment and more subtle kinds - stretching back to 1970. Since the job market covers the entire economy and affects families in tangible ways, it seems to be the single best yardstick. And it shows, for starters, that the economy is not yet as ...
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The Economy Is Bad, but 1982 Was Worse
mjperry.blogspot.com 1/21/2009 — I thought it would make sense to get some clearer historical perspective, and the economists at the Bureau of Labor Statistics (BLS) were nice enough to help me do so. In the last week, they helped me put together a broad measure of the job market — ...
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