Mark Calabria, director of financial-regulation studies at the Cato Institute, responds to David Beckworth’s “conservative case for QE2” in National Review. Minds will differ on the topic, of course, since this is economics (and politics) and so what constitutes “evidence” one way or another is forever debatable. That risk aside, it looks like Calabria’s reasoning is less than airtight.
Daily Archives: December 1, 2010
ADP SAYS PRIVATE PAYROLLS RISE AGAIN IN NOVEMBER
Private-sector payrolls rose by a net 93,000 last month, according to this morning’s release of the ADP National Employment Report. That’s the 10th straight month of increases and the largest monthly rise in three years for this series. The news comes just in time to temper the sour trend in yesterday’s update on housing prices for the third quarter.