Rome is Burning (via  Modeled Behavior)

I cannot say it any better than Karl Smith – an utter failure to deal with the recession means we are all losing, big time.

Rome is Burning There is a critical point that I fear the commentariat is just not getting. In my darker moments I fear that some of my fellow economists aren’t getting it either but we aren’t going to go there. Look at these two graphs because they tell you the fundamental problem in America today: We have very low capacity utilization (75%) and very high unemployment (10%). That is, we have factories sitting idle for lack of workers – low capacity utilization. … Read More

via  Modeled Behavior

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