October 9, 2010
Temp work is the new normal. Today, the Bureau of Labor Statistics told us how bad the job market was in September. The economy shed 95,000 jobs, many of which were temporary Census jobs that we expected to lose all along. But local governments, which are struggling to balance their budgets, also shed 76,000 people. [...]
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October 2, 2010
If you have debt, inflation is actually good for you. Americans hate inflation. Past studies have shown that our happiness is inversely related to how high the inflation rate is. Yale economist Robert Shiller, in a study of Americans, Germans, and Brazilians, found that non-economists almost universally believe that inflation lowers their standard of living. [...]
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