November’s jobs report was full of bad news if you know where to look. Even the Fed thinks the official numbers are too optimistic. Part time jobs were up. Full time were down. And we’re seeing growing defaults, bankruptcies, and more.

Also, the word “contagion” is back as governments and investors fear anything seen as triggering a financial crisis. Yet, the fault for economic contagion lies in the way governments cause boom-bust cycles.

Ryan McMaken, Editor-in-Chief