History of Full Employment Efforts

Victor Quirk, an associate of Bill Mitchell of the BillyBlog provides a very long, but very readable history of English-tradition legislative efforts to promote full employment here.  The story begins all the way back in 1536.  An excellent and informative read for any history buff. A long excerpt below the fold: In 1536, for example, … Continue reading History of Full Employment Efforts

China and Inflation Update

A lot of the concepts in macro-economics are relatively easy to define in broad, conceptual terms.  But when it comes to actually measuring them, things get very, very difficult.  Measurement requires precise, observable, countable definitions.  Inflation is one of the these concepts.  Conceptually it's easy:  a general rise in all prices.  But it practice it's … Continue reading China and Inflation Update