What The Depression Teaches Us Is That

Are You, Or Is Someone You Know, A Gadget Freak? If So, You Doubtless Know That Wednesday Was Iphone 5 Day, The Day Apple Unveiled Its Latest Way For People To Avoid Actually Speaking To Or Even Looking At Whoever They're With.

What Our Economy Needs Is Direct Job Creation By The Government And Mortgage-debt Relief For Stressed Consumers. What It Very Much Does Not Need Is A Transfer Of Billions Of Dollars To Corporations That Have No Intention Of Hiring Anyone Except More Lobbyists.

This Is A Serious Analysis Of A Ridiculous Subject, Which Is Of Course The Opposite Of What Is Usual In Economics.

The Federal Government Is Basically An Insurance Company With An Army.

If You Want A Simple Model For Predicting The Unemployment Rate In The United States Over The Next Few Years, Here It Is: It Will Be What Greenspan Wants It To Be, Plus Or Minus A Random Error Reflecting The Fact That He Is Not Quite God.