Working Paper Number
82
Publication Date
2004
Abstract
Writing in March 2004, two manifestations of the current conditions have become most prominent, having become, in fact, major news stories on an almost daily basis as we move deeply into the Presidential election season. The first is the so called “jobless recovery” from the 2001 recession, and the second is the return to large fiscal deficits by the federal government. In what follows, I wish to consider both of these developments, showing how they both reflect and reinforce the economy’s negative trajectory, though not primarily for the reasons that have been most prominently cited in mainstream discussions of these topics.
DOI
https://doi.org/10.7275/1281152
Comments
Working Paper 82