Malkin Is Correct About Unemployment Benefits Update/Clarification

Since a few people were upset by the previous Malkin post I should be more clear. In no way am I advocating that the congress not extend unemployment benefits. I was just expanding on Malkin's point which was a valid economic theory even though she did a poor job at explaining it. I was unclear as to my point. Perhaps I should have pointed out that Lawrence Katz, the economist to which Malkin referred, came out publicly that the theory that he proved in his research was not appropriate because on the current ratio of jobs to labor. Which is around 1 to 5.7. Sphere: Related Content