The Phaserl


Stagflation of the 2000s

from The Daily Bell:

90,609,000: Americans Not in Labor Force Climbs to Another Record … The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has climbed to a record 90,609,000 in September, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. – CNS

Dominant Social Theme: The recession is ending and people are working.

Free-Market Analysis: There has been criticism aimed at the free-market economic paradigm over the past few years. But as far as we can see, it’s been correct.

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