Homines libenter quod volunt credunt
Posted in labor markets, Macroeconomics on Sep 17th, 2012
In case some of my readers want to see “Conservative” economists who would provide it: The recession of 2007-09 witnessed high rates of unemployment that have been slow to recede. This has led many to conclude that structural changes have occurred in the labor market and that the economy will not return to the low rates of […]
Posted in Macroeconomics, Politics on Sep 17th, 2012
I sure do miss the days of 4% real GDP growth. Remember, that’s the growth rate assumed by the Administration years ago that would prevail today. Kudos to readers who can dig up some of those old growth projections in a chart that was floating around. I went to the White House site and instead […]
Posted in ethical foundations on Sep 17th, 2012
My students and I have been discussing our views on why folks seem to be so hostile to capitalism. I think this is a little bit of begging the question, as my reading of history leads me to believe that folks on average were never all that warmed up to the idea. We may see […]
