Today's ADP National Employment Report estimates that the rate of job growth in March was the slowest in five months, causing some to speculate that "the economic recovery could be hitting a soft patch."
That makes Jeff Herbener's recent Freedom Readers lecture, " Why the Recovery Is Taking So Long and What to Do About It" as timely as today's headlines. My friend and department chair explains that real capital accumulation is necessary for real recovery and explains what is holding that back. My oldest daughter volunteered to come with to the lecture and found it "very interesting." You can listen to his lecture by clicking here.