For anyone confused as to why there is no job creation and why there will be no job creation, this piece by Porter Stansberry is a must-read. It is just another excellent example of why microeconomics matters. The pseudo-science of macroeconomics doesn’t even bother with such “trivialities.” They are big [...]
Economic decline
Productive vs Unproductive SectorsDespite what you hear and read, there can be no recovery until the private sector starts growing, and it has not. The public sector produces no products, gets in the way and generally hinders the private sector from accomplishment. Here is what has happened in the third quarter as reported [...] |
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