Quote:
Originally Posted by Tyrone Slothrop
Now you're just obfuscating. How we got to where we are is one thing; what we do going forward is another. The Fed has a dual mandate and it is ignoring half of it -- the unemployment half. It is fighting yesterday's war.
Economists have been looking at the relationship between unemployment and inflation for decades. If you really think there is none, and can prove it, you'll get a Nobel Prize.
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Were you not suggesting Fed policies are a primary driver of today's high unemployment?
Did I say there was no relationship? Or did I acknowledge one, but say it was small?
