Monday, August 5, 2013

The Fetish of Full Employment

Remember this when any politician, market guru, or talking head begins to talk employment in nearly any regard. Numerous cases come to my mind but I will not mention (Rep. Grayson, CNBC) to protect the innocent.



Also bear production in mind when thinking about the latest hedonic edits to the GDP, which added R&D and entertainment production expenditures to GDP figures. 

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