“Despite signs that the recession gripping the nation’s economy may be easing, the unemployment rate is projected to continue rising for another year before topping out in double digits, a prospect that threatens to slow growth, increase poverty and further complicate the Obama administration’s message of optimism about the economic outlook.” (Washington Post ^[1], Monday)

There’s a difference between a recession easing and productivity returning.

FEE Timely Classic
“Two-Digit Inflation ^[2]” by Hans Sennholz