Correcting the Correction of the Big Lie

By: Friday November 11, 2011 9:43 am

The economy’s problem is that there is no source of demand to replace the consumption driven by housing bubble wealth that has now disappeared or the housing construction that resulted from hugely inflated bubble prices. We would be in pretty much the same situation today even if there had been no financial crisis.

 

What’s Missing From This Story?

By: Friday September 23, 2011 6:01 pm

See if you can spot what explanations for slow employment AREN’T in this MSNBC story.

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