Friday, August 6, 2010

The New Normal

These may be two most depressing articles a college student -- or an unemployed person -- could read. Is the current unemployment rate -- 9.5% -- the new normal? Some economic indicators are actually pretty good. Can our economy exist comfortably with high unemployment? Can our society? Can you? Will public opinion eventually adapt itself to this new normal?

- Krugman.
- Peck.