Analysis in Brief

... all the progress that the US has made over the last couple of centuries has come from ... figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.

Milton Friedman, 1976 Nobel Prize in Economics Sciences

In Short
Viewing Room
CSIP Notes

Includes CSIP Notes (2004-) and FRBSF Economic Letters on similar subjects from previous years.

2007-2008

2005-2006

2003-2004

2001-2002

previous years

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