Don’t Know Much about History (Paul Krugman Edition)

Look I understand that Paul Krugman is loath to give Ronald Reagan credit for anything good. But when he goes and makes things upĀ about Reagan's economic record, someone should really call him on it. Preferably someone at the New York Times who is actually in charge of editing and fact-checking. Or doesn't the Times employ …

Another Poor Jobs Report

Have I mentioned recently how truly tired I am of writing blog posts lamenting the bad employment situation?A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary slowdowns.Employers added just 142,000 jobs last month, well below the …

In Praise of Janet Yellen

Her statement today, in which she mentioned that the Federal Reserve would watch to see how the employment market was doing before raising interest rates, is welcome news for just about anyone who is still concerned that the economic recovery is not on firm footing, and who believes that the job market still has a …

Just What We Needed: More Bad Employment News

Justifying my decision to look askance at the latest jobs report, we have this story, which informs us that "total employment has declined by half a million," and that the economy is not keeping up with population growth. Again, let me state that the Federal Reserve has to continue bond purchases and any other forms …