Is a Deflationary Gold Standard Bad?

I’ve never really got why a gradual deflationary bias was a problem. Consumers know, for example, that just about any electronic good (computers, plasma screens etc) will get cheaper in the future, yet this does not seem to stop them from being made and bought. The fact that only those people who really really . . . → Read More: Is a Deflationary Gold Standard Bad?

Initial Claims at Lowest Rate Since January – Auto Plants Restart

The rate of new claims for jobless benefits fell to the lowest level since January, and a close look at the pattern of layoffs in the automotive industry provided additional good news for auto workers.

The government said that initial claims fell by 52,000 — a drop significantly more than any economists had expected. . . . → Read More: Initial Claims at Lowest Rate Since January – Auto Plants Restart