Ten Second News

The Jobless ‘Recovery’

It’s worth reading  Monika Bauerlein and Clara Jeffery’s article at Mother Jones on the ‘great speed-up’. The looming possibility of a double-dip recession notwithstanding, the economic recovery so far has been decidedly lopsided. While corporate profits are up, the American workforce fared much worse. People on one end of the scale are working longer hours but aren’t seeing an increase in pay. On…

Scott Sumner on Past Mistakes

I wish more people in government would read Scott Sumner’s blog: I once read all the New York Times from the 1930s (on microfilm.)  You can’t even imagine how frustrating it was.  They knew they had a big problem.  Then knew that deflation had badly hurt the economy (including the capitalists.)  They new that monetary…