Monday, February 3, 2014

GR-NEAM Reflections: 01/31/2014 - Wrong, the Question of Structural Unemployment, and the Problem of Beer Goggles

Ideology explains a lot, and central bankers' belief in suspension of market forces is an unprecedented experiment. Its unwinding has begun in the U.S., and in the long run that is a good thing. How it works out in the nearer term remains to be seen.