Trying to Understand the 2008-2009 Recession: Part 2, Remedies
In a companion article, I examined how the current recession compares with previous U.S. recessions, and explored the reasons why the economy is in its current state. In this article, I describe and explain the various remedies by which the federal government is attempting to slow the economy’s downturn. What is being done to turn […]
Trying to Understand the 2008-2009 Recession: Part 1, Perspective and Causes
[1] The unemployment rate—the fraction of adults currently working for pay among those who are either working or actively looking for a job the nation’s labor force that is unable to find work—was officially measured at 7.6 percent in January of 2009 by the Bureau of Labor Statistics (BLS), the federal agency tasked with measuring […]