Steven Pearlstein Says There is Little We Can Do About Unemployment

Pearlstein says it's really too bad but there is just not much the government can do to get the economy back on track:


"we shouldn't kid ourselves about how much government can do. Only markets can right-size companies and industries, find the market-clearing price for houses and shopping centers or bring wages in line with global competitive realities. Only markets can wring the speculative premium out of the price of stocks and commodities. And only markets can move workers from where ...

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Published on August 05, 2011 17:44
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