Wednesday, December 1, 2010

Uncertainty, from the American Families Point of View

An odd thing happened recently:

NY Times: During a 75-minute discussion with five business leaders, Bernanke did emphasize the toll high unemployment was taking on families and on the share of the unemployed — more than 40 percent — who have been jobless for at least six months.

“Part of the barrier to faster growth and recovery is confidence in households that they will be financially secure and that they can make purchases and take chances in changing careers and changing locations,” Mr. Bernanke said. “With unemployment so high, that confidence is hard to come by.”

Why isn’t this major aspect of our economic depression ever talked about?
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