Eugene David
...The One-Minute Pundit

Thursday, October 21, 2010


The debate on whether the persistently high unemployment rate is due to structural or cyclical factors has risen to the surface--including within the Federal Open Market Committee. As the Federal Reserve regional presidents assess whether to opt for additional monetary stimulus at the November FOMC meeting, some are considering the possibility that policies to boost aggregate demand may miss the boat.

You mean we're throwing all that money at the Wall Street Casino for nothing?

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