Resources
William Dunkelberg – To Raise the Cost of Labor, What is Congress Thinking?
Congress has increased the cost of unskilled labor by 10.7% in the middle of the worst recession since the early 1980s. The unemployment rate is 9.5%. It is unclear how this is supposed to help the economy – unless you are Labor Secretary Solis or the Economic Policy Institute. The claim is that this will [...]
Read moreWilliam C. Dunkelberg – “The Bigger the Bank, the Bigger the Eventual Collapse”
Larger, more concentrated banks would be a set-up for even larger financial disasters in the future.
Read moreDavid Kotok – Today’s lunch with Jim Bullard
In a most forthright and clear Fed statement, St. Louis Fed president James Bullard spoke on Fed exit strategies at a Global Interdependence Center luncheon today at the Philly Fed. One can find the text of his slides and the videotape at www.stlouisfed.org.
Read morePaul Horne – International Aspects of the Financial-Economic Crisis
It is ironic that this week, 50 years after we graduated, GM goes into bankruptcy with the U.S. government taking control in exchange for $50 billion of our, taxpayers’, money. When we were in school, Charlie Wilson, Ike’s Secretary of Defense and former CEO of GM said: “What’s good for GM, is good for the [...]
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