08.01.10

The problem with the economy

Posted in Economics, Economy at 9:48 am by angela

Here we are mired in a “jobless recovery”, where more and more people out of work and homeless each week seems not to even be taken into account when determining how “the economy” is doing. The pundits are jumping up and down, celebrating the end of the recession, while at the same time any formula that took into account real unemployment and other human suffering would have us square in the middle of a depression.

How did we get this way? There are many ways to tell the story…

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