Friday, March 09, 2018


"Full employment," or at least something closer to it, isn't enough to save us, but given that everything else works in the other direction, it's about the only thing that might improve prosperity for the rest of us. Weirdly, all the people saying we NEED TO RAISE INTEREST RATES NOW are a bit muted, even though it was necessary to do so to save civilization when unemployment was at about 7%. Maybe that's the deal - the only way to let the Fed keep goosing the economy is to keep voting Republicans into office so they can improve their re-election chances.