And ( to my ear ) the always reliable Dean Baker addresses "the money thing" in "Rigged". Scott Sumner has also written at length on the subject.
There are two mandates to the Fed - price stability and ( Humphrey-Hawkins ) employment. With the exception of the Greenspan era pre-2000, Fed policy has set employment in the back seat.
Because "Inflation BAAAAD!" ( in the manner of Phil Hartman's Frankenstein's monster ).
So we have 2% growth targets that we undershoot and low growth. The population has adapted in ways described in Tyler Cowen's "The Complacent Class".
I dunno. I think that at least globalization - as in the easily agreed on definition of globalization - is declining. After all, the various China seas seem to be becoming a Chinese lake, if we can project the construction of sand islands some.
Automation is both already in full sway and at the same time, the remaining things to be automated seem out of reach - not of the technologists, but of the leadership class. But we can't give the techies status enough to do it right :) It is also anything but clear that automation should displace labor necessarily, at least over a long enough time line.
"Inflation is, everywhere, a monetary phenomenon." - Milton Friedman.
I don't think that what Conservatives call "the destruction of the nuclear family" is the goal, but that the models in use don't work to keep Dad jobs available. The nuclear family will most likely evolve out anyway, because we can't even hit low (2%) Fed growth targets. At any rate, Dean Baker, "Rigged", yadda yadda.
Real professional soldiers come from the Service Academies and while they're different from Gates & Zuckerberg, they are among our nations finest people, at least when hubris doesn't get 'em.
There are two mandates to the Fed - price stability and ( Humphrey-Hawkins ) employment. With the exception of the Greenspan era pre-2000, Fed policy has set employment in the back seat.
Because "Inflation BAAAAD!" ( in the manner of Phil Hartman's Frankenstein's monster ).
So we have 2% growth targets that we undershoot and low growth. The population has adapted in ways described in Tyler Cowen's "The Complacent Class".