Econ Comments
Ludwig van Mises Institute | Why Is Unemployment So High?
Everyone knows that the unemployment situation is very bad, but the official figures (not surprisingly) understate the problem.
Blogs
Marginal Revolution | Unemployment, Recessions and Barter: A Test
In sum, the increase in barter and scrip during the Great Depression is supportive of the excess demand for cash explanation of that recession, even if these movements didn’t grow large enough, fast enough to solve the Great Depression. Today there seems to be less interest in barter and alternative currencies than expected, or at least than I expected, given an AD shock and the size of this recession. I don’t draw strong conclusions from this but look forward to further research on unemployment, recessions and barter.
