Modern Day Mercantilism
An imaginary European seaport painted by Claude Lorrain around 1639, at the height of mercantilism Wikimedia Commons / Musée du Louvre / Mbzt In the year 1776, the same year in which 13 … Read More
Tag: Unemployment
Perspectives on Unemployment
Percent of men, ages 25 to 54, who are not working and not looking for work versus year. New York Times/Bureau of Labor Statistics When a founding and respected member … Read More
The Keynesian Emperors Have No New Clothes!
The Emperor has no new clothes! Image Credit: Wikimedia Commons/Vilhelm Pedersen (1820-1859) Given all their failures in suggesting successful economic policies around the world, one would have thought … Read More
The Fecklessness of the U.S. Federal Reserve
From Top Left Clockwise: Janet Yellen, Federal Reserve Chairman; Haruhiko Kuroda, Governor, Bank of Japan; Mario Draghi, President, European Central Bank Wikimedia Commons/ US Federal Reserve, World Economic Forum, Asian … Read More
The Fed’s Labor Market Conditions Index
U.S. measures of unemployment Image Credit: Wikimedia Commons/Autopilot Wow!! The Federal Reserve so distrusted the Labor Department’s unemployment statistics that it created its own?! That is … Read More