I have found myself reading more economics blogs over the last couple of years, trying to understand better what is going on and the impacts of the banking crisis. This blog, StumblingandMumbling is worth the subscription. It is insightful, and contrary enough to provoke thinking. It also happens to articulate things that I cannot help thinking about. Recession or Inflation targeting 2. The cost of recession isn’t just unemployment hitting a few hundred thousand, but the fear of unemployment hitting millions. But this fear exists even in normal times, because the job destruction rate is so high. The 25,000 jobs … Continue reading Bailout or buy some time while industrial disruption occurs for auto, banks and telco sectors