Unemployment
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Where Will the New Jobs Come From?
“Technological innovations and falling trade barriers make many people more productive… We use this new wealth to create opportunities in high-skill, medium-skill, and low-skill occupations.” ~Art Carden
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Who Loves Minimum Wage Laws? Kiosk Makers
“Minimum wages and workplace regulations protect some people, alright, but not the workers. Instead, these rules protect anyone who provides a substitute for the labor that workers bring to the table.” ~Art Carden
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Joblessness and the Fed
“Without a symmetric response to deviations from the target, the Fed’s so-called average inflation target will not produce 2 percent inflation on average. Instead, it will tend to produce inflation that exceeds 2 percent. That’s a far cry from price stability.” ~ Alexander William Salter
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Is This What Monetary Tightening Looks Like?
“When will the Federal Reserve begin to unwind its balance sheet this time? If the meeting minutes indicate the trajectory of policy, reductions will begin within the next two years.” ~ James L. Caton
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Revenge of the Zombies, Part 2
Some Keynesians argue that today’s combination of low inflation and unemployment contradicts the natural-rate hypothesis. But is the labor market really as robust as they claim?
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Job Creation via Jobless Benefits and Fed Money Printing: Signs of a Modern Day Depression
Jobless benefits cant create Jobs
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The Euro’s Fetters?
Is the Euro harder to escape than the Gold Standard? Spanish economist Jesús Huerta de Soto just published a new article entitled “An Austrian Defense of the Euro.” In this […]
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Jobs, and Obama’s Common Sense
Reuters reports that employers cut back on hiring, again, in the month of April. Certainly this is a very important outcome in an election year. The perceived health of the […]
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“The Return of Stagflation” – WSJ
“‘Stagflation” is an ugly word for an ugly situation: persistent high inflation combined with high unemployment and stagnant demand in a country’s economy. The term was coined by British politician […]
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“An Austrian Rehabilitation of the Phillips Curve” – Cato Journal
“William Niskanen (2002) estimated a Phillips curve for the United States using annual 1960–2000 data. By adding one-year lagged terms in unemployment and infl ation, he was able to show […]
