Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
I am not sure, but wasn't unemployment too lower in the seventies compared to the eighties?

Yes. The great victory of the neoliberal brain rot was to first make the permanent crisis worse, and then redefine the permanent crisis to be normal.

Wasn't the term jobless recovery invented in 1991?

Correct. Prior to that the same phenomenon had been know as a "growth recession."

Anyway there was no permanent ten year crisis in the seventies.

Time series of oil prices, interest rates and unemployment disagree.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Aug 14th, 2011 at 04:54:27 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Grexit and Propaganda

by Metatone - Jun 29
50 comments

Ready for tomorrow?

by Luis de Sousa - Jun 28
23 comments

Iron Curtain Mark 2

by DoDo - Jun 23
22 comments

Yap essence of money

by das monde - Jun 26
19 comments

End game for Greece?

by Frank Schnittger - Jun 20
355 comments

Welcome to post racial America*

by melvin - Jun 15
60 comments

Recent Diaries

Occasional Series