Mises Daily
Author:
George Reisman
Online Publish Date:
[This talk was given at Economic Downturn: Cause and Cure ( Mises Circle , Sponsored by Louis E. Carabini) Newport Beach, California, November 14, 2009.] Good afternoon, ladies and gentlemen: As you all know, we are in a severe economic downturn. The official unemployment rate now exceeds 10 percent and according to many observers is actually