Kaufman predicts soaring unemployment

In U.S. Still Melting Jobs, Let’s Count The Ways Kaufman argues unemployment will continue to rise because of numerous hostile federal law changes and initiatives aimed against employers and entrepreneurship.

Meanwhile, the mainstream keeps predicting that unemployment is near maximum, that things will shortly start getting better.

I expect that the mainstream will be proven wrong.  You just cannot go forth and smash capitalism and expect everything will just continue to work fine – though as everything goes to hell, doubtless capitalism will be blamed, and Krugman and the rest will declare that they have been proven right – that all the bad things happening are proof that capitalism does not work and therefore they did not crush it enough.

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