Archive for the ‘Jobs’ Category

PK v. JB re $

October 8th, 2014

Paul K’s agrees with me on the core aspects of my post yesterday regarding our persistent trade deficits as a barrier to full employment, but disagrees the dollars status as a reserve currency has much to do with it. Certainly the key part of all this is recognizing the damage done by trade deficits to… Read more

Full employment, trade deficits, and the dollar as reserve currency. What are the connections?

October 7th, 2014

I’ve been looking for an excuse to scratch out a few lines about the connections between full employment, the trade deficit, and dollar policy—connections that understandably don’t jump out at everyone—and I’ve found a particularly good one. Ever since this oped re “Dethroning King Dollar” ran, I’ve gotten lots of love and hate mail regarding… Read more