Le Nouveau Chomage

The New Unemployment will be that of an average of 8 to 10%, and it will resist any decrease for half a generation. Its cause, of course, is the newly found desire for Americans to save. Hitherto, almost every bloody dollar they got their hands onto, they spent. There was a large market for any number of things, objects and ideas. Now the 20 artisnal cheeses in the epicerie will decrease down to 5 - or less. How do we handle it? Shall we argue about the Welfare State some more? Arguing saves us from doing stuff.