Friday, September 25, 2009
Carpe Diem blog. The unemployment rate today is almost as bad as it was in the early 1980s, but by many other standards this recession has been a far less problematic. Double-digit inflation and interest rates in the early 1980s presented a huge challenge to the economy, yet we survived. See Mark's comments on the subject here.
Posted by Scott Grannis at 2:02 PM