Unless our policy makers can make job creation the top priority, the mass riots and burning streets of Europe may be coming soon to a neighborhood near you.
November 10, 2011
Employers added fewer jobs than was forecast in October, which has lots of folks scratching their heads over what to do about it.
In response to the latest unemployment figures, our nation’s central bank, the Federal Reserve, has again begun talking about additional stimulus measures, such as the purchases of mortgage backed securities (MBS) or a bond-buying program known as “QE3”. But neither of these measures worked before, so why should we expect more success this time?
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