In response to:

Falling on Soft Times

John in OK Wrote: Dec 09, 2012 9:14 AM
And that's the key, daddy-O: those who WANT to work can find a good job. Those who just want to coast and draw a paycheck are having a tough time because the people who WANT to work are getting hired. I was laid off in August. I went back to work for more money, for a better company, in September. I didn't sit on my gluteus maximus and draw unemployment, I went out and found a new job and have been busting my tail to prove to my new boss that I'm the right guy for him.

December 9, 2012

Depressions are measured in terms of unemployment, monetary velocity, bankruptcies, and the like.

But perhaps they should be measured on the Mohs Scale.

These are hard times, we say. It’s not easy for some folks to find work. But the “hardness” isn’t quite so hard as you might think. The real trouble is, the times are too soft.

According to Casey Mulligan, author of The Redistribution Recession, there’s no great difficulty in explaining the length of the current depression, nor in explaining why the poor have participated...