[p2p-research] Fwd: More on the Supply and Demand Curve

[Eugen Leitl]

On Sun, Jul 05, 2009 at 01:27:24PM -0500, Kevin Carson wrote:

> Like you, I found comparisons of U-6 unemployment to Great Depression
> levels compelling.  But on further investigation, I found there was
> less to it than meets the eye.  The 25% peak for the GD, in fact,
> refers to something like current U-3 measures; by U-6 measures, GD
> unemployment peaked at around 35-40%.

It is not out of question we'll get this low, though I hope not.
Arguably many factors are a lot of worse than 80 years ago, though
of course the current situation is hard to compare to then.
 
> http://www.economicpopulist.org/content/u3-and-u6-unemployment-during-great-depression

-- 
Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
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