Dream and Reality

US peoples are a resilient breed. The great American Dream still lives, but only within a nightmare of sleepless fantasy. James Truslow Adams coined the phrase, American Dream, in his 1931 book, The Epic of America: “that dream of a land in which life should be better and richer and fuller for everyone, with opportunity…

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Krugman at 4 A.M.

Job hunting will apparently go from bad to worse and then beyond. From Gallup yesterday: Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September — up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month — the unemployment rate…

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