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Biden Says ‘Generous’ Unemployment Benefits Not Responsible for Biggest Jobs Report Miss in History. He’s Wrong
There was a simple reason economists were able to correctly predict that the Biden administration s juiced unemployment benefits would have negative economic consequences.
Tuesday, May 11, 2021
Following a dismal April jobs report, President Joe Biden took to the podium Monday to defend his administration’s economic policies.
“There’s been a lot of discussion since Friday’s report that people are being paid to stay home rather than go to work, Biden said. “We don’t see much evidence of that.”
A US employment report released Friday showed the economy added just 266,000 jobs in April, down substantially from the 770,000 jobs added in March and about one quarter of what forecasters had predicted.
Savannah Woodard had a big weekend.
Alabama extends their winning streak to ten straight after their second consecutive sweep of an SEC opponent. The Crimson Tide bats have double digits hits in five straight.
Montana Fouts also stays on a hot streak pitching in all three wins.
GAME 1: ALABAMA 8, OLE MISS 0 (5 innings)
The Ole Miss outfielders were mighty busy fielding Bama hits as the new and improved Crimson Tide batting lineup continues their offensive tear.
Alexis Mack and
KB Sides singled and
Savannah Woodard knocked in two for an early first inning lead. The second time through the order, Alabama collected five runs on six hits.
The State of Modern Economics
Peter G Klein is Carl Menger Research Fellow of the Mises Institute and W.W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business. He is also senior research fellow at Baylor’s Baugh Center for Entrepreneurship and Free Enterprise and adjunct professor of strategy and management at the Norwegian School of Economics. His research focuses on the economics of entrepreneurship and business organization, with applications to innovation, regulation, and economic growth. Klein has authored or edited five books and has published over seventy-five academic articles, chapters, and reviews.
JEFF DEIST: Let’s start with the general state of the economics profession. What’s changed since you were at Berkeley earning your PhD in the early 1990s?
Tech professors discuss the economic impact of online shopping during the pandemic dailytoreador.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytoreador.com Daily Mail and Mail on Sunday newspapers.