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Unemployment

It’s up to 10.2%. Trouble ahead. Trouble behind. The politics is going to be very tough. More pressure to “fix” the economy. The possibility that we are in the mess we are in because of past attempts to fix the economy is very alien to most politicians and most economists. Remember your Hayek:

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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