Friday update.

David P. Goldman analyzes today’s unemployment report.

The Heritage Foundation’s Brian Riedl looks at federal spending.

AEI’s John Makin says fiscal discipline must be shared across a currency union.

Recently, though, Robert Mundell explained: “I don’t see how the economic crisis in Greece would affect the euro. This is a fiscal problem, not a problem of the euro. If California has a fiscal problem, this is a problem of California, not a problem of the dollar."

Paul Krugman supports the Left’s growing pro-growth contingent, against fiscal austerity.

Steve Hanke thinks Krugman is wrong on spending.

Australia’s Clarke and Dawe offer an economic satire.

Paul Volker pens a long economic analysis at the NY Review of Books.

Regarding Volcker – especially his performance in 1981-82 -- supply-siders are generally critical, see here, here, here, here, here and here.