tag:blogger.com,1999:blog-26981669.post6245029048897619467..comments2024-03-23T10:55:30.196-05:00Comments on Cold Fusion Guy: Quantitative Easing - No Losers? Jim Peethttp://www.blogger.com/profile/07649414726939918803noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-26981669.post-1995651476921927042014-10-29T17:07:17.210-05:002014-10-29T17:07:17.210-05:00Well, the actual unemployment rate is said to be a...Well, the actual unemployment rate is said to be about 15% when you count the spike in disability applications, people dropping out of the work force altogether, and people struggling with part time jobs. Now it's possible that things could have been even worse if our proportionately larger debt load had collapsed, but Rothbard points out in his book on the Depression that the late 1800s had debt shocks that recovered quickly. <br /><br />It strikes me as well that the 1980s recovery was much stronger with tight money than today's is with loose money. So I'm not quite sure that the "standard narrative" works here.Bike Bubbahttps://www.blogger.com/profile/08193546045614393425noreply@blogger.com