The highest unemployment in the U.S. right now is in Michigan, Nevada, Rhode Island, and California. The news today is that California hit 12.2 % in August, setting another record. "New postwar high!" What war are they talking about...WWII?
Saturday assorted links
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1. GLM-5.3 understands Bob Lucas (and then some). It amuses me how many
basic principles of economics are being rediscovered in these new contexts.
2. M...
12 hours ago

