A few days ago, Greg Mankiw posted this amusing dialogue about the unemployment rate, as if Abbott and Costello had to discuss it. Here is a tidbit of the exchange:
COSTELLO: I want to talk about the unemployment rate in America. Keep reading this post...
Thanks to U Chicago's Allen Sanderson for sending this along:COSTELLO: I want to talk about the unemployment rate in America.ABBOTT: Good "subject". Terrible "times". It's about 9%.COSTELLO: That many people are out of work?ABBOTT: ... Read Post
by Linda Beale More on Greg Mankiw's weak arguments for the Bain capital gains preference A few days ago, I commented on the weak arguments Greg Mankiw had put forth in his op-ed to support the preferential treatment of compensation... Read Post
The misery index is calculated by summing a country's unemployment rate with its inflation rate. With the unemployment rate falling and the inflation rate benign, misery in America is tumbling. Gluskin Sheff's David Rosenberg says i... Read Post