Mises Daily
Author:
Jonathan M. Finegold Catalan
Online Publish Date:
While the unemployment rate continues to hover between 9 and 10 percent, the average amount of time wage earners remain unemployed has skyrocketed to previously unrecorded levels. Keynesians fear that a weak fiscal and monetary response will allow the presently cyclically unemployed to become so permanently. UC Berkeley professor Bradford DeLong