[center]Now It’s Jobs
by Llewellyn H. Rockwell, Jr.[/center]
The downturn is following a path so predictable, day by day, that people who comprehend the business cycle don’t even need to read the news. You can intuit what will happen next because it’s happening like a textbook case – even as it is reported with a continued sense of surprise.
Press reporting on the downturn has been like reports from a committee that knows nothing about gravity, but which has nonetheless been assigned to watch what happens when you drop objects from high places.
They keep filing surprised reports about how the objects fall – what a bizarre and unwelcome turn of events – and then they conjure up ways to keep this from happening through some outside intervention. They recommend bailouts, spending, programs, controls, and inflation. [/i]
Not sure how many of you posters are affected by the loss of your job or know someone who is but I hope there isn't too much suffering. Hopefully, prices will fall a bit more before inflation sets in so that it will make it easier on those who have. My wife recently lost her job in nonprofit and has decided that she'd rather be a Hausfrau anyway. I am just thankful that we are in a position that we can make that decision.