Casey Mulligan ended his October 2008 NY Times Op Ed with this:
So, if you are not employed by the financial industry (94 percent of
you are not), don’t worry. The current unemployment rate of 6.1
percent is not alarming, and we should reconsider whether it is worth
it to spend $700 billion to bring it down to 5.9 percent.
Casey B. Mulligan is a professor of economics at the University of
Chicago._______________________________________________
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