Tag Archives: Unemployment

Real Economic Data: Unemployment 22%, Inflation 9.3%, GDP Dropping

Posted on June 10, 2013 by Barry Donegan

The TV talking heads and government bureaucrats ramble incessantly about the rosy recovery Americans have allegedly been experiencing since the crash of 2007. In the real world, however, household wages have dropped for years on end, while prices have surged. … Continue reading →

Posted in Monetary Policy, Money Monday, United States | Tagged , , , , , , , | Comments on Facebook

Moral Hazard: When Benefits Discourage People from Working

Posted on January 28, 2013 by Barry Donegan

Most westernized nations have welfare programs. Initially, they are sold as a social safety net for disabled people and the recently unemployed. However, over time, politicians have taken political advantage by increasing benefits in exchange for votes, and this phenomenon … Continue reading →

Posted in Money Monday | Tagged , , , , , , | Comments on Facebook