Thursday, April 16, 2009

Best line I read today

From my friend Garett Jones:
One of the big insights of modern unemployment research is that hiring workers or searching for a job is a lot like dating: it just takes a long time to find a good match. If we have stadium-style mass weddings, yes, we’ll raise the number of married couples, but we’ll probably create a lot of bad matches. The same is true in the job market, whether it’s the government or the private sector that’s doing the hiring.
From a "blog war" with economist Menzie Chin on CBS Marketwatch. The debate is over the effectiveness of the recent fiscal stimulus.

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