What a joke.
Really, there isn’t anything else that can be said about the latest fiscal crisis in the United States. With the federal government shutting down most operations on the 1st of October, as the House of Representatives (controlled by the Republicans) and the Senate (controlled by the Democrats) couldn’t agree on a Continuing Resolution for the 2014 fiscal year.
Are you entitled to a job?
Should the government simply legislate away unemployment? Proponents of Modern Monetary Theory and a “Job Guarantee” seem to think so. Nick Henderson isn’t so sure.