The Christian Science Monitor reports that “Counting underutilized and marginally attached workers, the unemployment rate rose in April, according to the new jobs report”, to 15.9% for “total unemployment” and 9% for the standard rate of joblessness. And according to CNNMoney.com’s “Bailout Tracker”, this increase in joblessness has occurred despite the staggering commitment to…
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Independent Institute Senior Fellow Robert Higgs examines the serious problem of “regime uncertainty” being created by the feasting of federal spending programs starving (crowding out) the private investment needed for recovery from the recession: “Private saving and investment are the heart and soul of the dynamic market process. Together they provide and allocate the…
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Private saving and investment are the heart and soul of the dynamic market process. Together they provide and allocate the resources used to augment the economy�s productive capacity, generate sustained long-run economic growth, and thereby make possible a rising level of living. Economic crises interrupt this process by discouraging investors and causing them to…
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