book, 112 pages, 6" x 9" (paper), 2003
When the 1990s business cycle ended, so did full employment. In a very short time millions lost their jobs, and the unemployment rate shot back up. Many economists and policy makers will try to argue that the latter 1990s was an aberration and that we cannot realistically aspire to get back to the tight labor markets that prevailed during that time. But the lessons learned leave us with no justification for not pursuing a true full employment policy.