Political song, Hey Paul Krugman, why
Don't you have Timothy Gytner's job?
Traditionally 5% Inflation happened when
the economy was at Full Employment. But now we have the
end of recovery (5% Inflation) caused by monetary policy
and yet the unemployment is 9.1% For the Recession of 2011, Monetary
Policy has proved itself to be fruitless. Fiscal Policy
is the only rescue. Remember the 4% unemployment of
Presedents Clinton and Kennedy?
|