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Written by Dave Doctor
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Tuesday, June 05, 2012 |
 Proposed legislation would dampen the myth that a central bank can increase employment. Federal Reserve[1] has two general mandates: maximize employment and stabilize prices. The Sound Dollar Act, sponsored by Kevin Brady, would remove the employment mandate because it allows Federal Reserve to print dollars for new loans, and these dollars bid up prices. Even worse, employment does not rise overall; the central bank only moves jobs from one sector to another.
Here’s how prices rise. To create jo Read more |
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Written by Kathleen Packard
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Monday, September 05, 2011 |
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Bad news. It’s Labor Day. And 14 million Americans aren’t working. That’s one out of 11 Americans in the work force who can’t celebrate Labor Day because they are laboring for salaries or wages. Long-term employment numbers are the saddest: 6 million Americans fall in that group.
The Labor Department released its August numbers on Friday and announced that effectively no jobs had been added to work force. That was worse than expectations and expectations weren’t very good.
So Read more |
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Written by John D. Mueller
- The LBMC Report |
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Tuesday, June 29, 1993 |
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Almost all industrial countries today are suffering from permanent unemployment, and most are suffering from currency instability. The two problems are related: an expansive economic policy which leads to a currency crisis is usually intended to reduce unemployment. This report considers how both problems might be solved at the same time -- and more specifically, the circumstances in which currency devaluation will be necessary, useful or ineffective.
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