Category Archives: Economics

Just as I uploaded my most recent post to Twitter, I saw that Cato referenced a post by Jeffrey Miron, an Economics Professor at Harvard.

He basically says the same thing I do:

On several occassions over the past few weeks, I have expressed the view on TV/radio that unemployment insurance is one factor that keeps unemployment elevated.

Not that a Sr. Fellow at the Cato Institute needs any backup, he brings it with an article from the NY Times:

Struggling to keep its budget under control after the financial crisis, the government in June cut into its benefits system, the world’s most generous, by limiting unemployment payments to two years instead of four. Having found that recipients either get work right away or take any job as their checks run out, officials are also redoubling longstanding efforts to move Danes more quickly out of the safety net.

It would appear that this long hair isn’t stewing alone in his own juices.