There are worse things than inflation and we have them
~James Tobin
From the NYT
Using more comprehensive data to nail down economic trends, the new study found a clear correlation between suicide rates and the business cycle among young and middle-age adults. That correlation vanished when researchers looked only at children and the elderly.
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Monday ~ May 2nd, 2011 at 9:48 am
Barry
Prof. Krugman sums it up perfectly in three charts (http://krugman.blogs.nytimes.com/2011/04/29/visualizing-priorities/?smid=tw-NytimesKrugman&seid=auto)
10 year treasury rates
Inflation (personal consumption)
Unemployment
The first two show a situation well under control; the third shows misery. Our elites (including our economics ‘professors’) don’t worry about the latter, probably because they simply don’t care.