Monday, March 31, 2008

A Great Depression

The English paper, The Independent, has on its cover an image of people in line, reminiscent of the lines of the Great Depression.



One line in that article was of greater interest to me: unemployment rate is up to perhaps 5 per cent.

PERHAPS. Perhaps it is 4.9 or 4.8 or 5.1 or 4.89 ... perhaps.

Perhaps if we are at or around 4.8, we have excellent employment. Not perfect, but no capitalist state has complete employment.

The rise in prices is serious, attributed in large part to fuel costs. Another serious rise is in food - attributed to fuel and some food stuffs increase can be attributed to the shift in farming from traditional wheats/grains and vegetables to corn for ethanol. That is a growing issue and whether felt at this moment or not, will soon impact dramatically the poorest of people. As badly as we might have it, the worst will be felt elsewhere.

Make Mine Freedom - 1948


American Form of Government

Who's on First? Certainly isn't the Euro.