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Wednesday, June 29, 2011

Employment

News                                                                                                                             
Politico | Manufacturing advocates: White House is no jobs factory
[Obama's] latest initiatives, though, focus mostly on trends that predate the recession, such as the years of layoffs caused by factories moving overseas and machines displacing workers.

Blogs                                                                                                                             
Coordination Problem | Munger on Why Creating Jobs is Not Government's Job
The other day I linked to his numerous podcasts at EconTalk, so today I will give you the video feed.
Marginal Revolution | The wisdom of Scott Sumner
Monetary policy should be expansionary, but structural forces behind unemployment can make traditional fiscal policy either more or less effective (it is more important to target disaffected workers, but also harder to do so) and you can think of that as the frontier policy question of the day.