Its widely agreed that the Federal Reserve is the lender of last - TopicsExpress



          

Its widely agreed that the Federal Reserve is the lender of last resort and that having such a function is essential in modern economies. Well, heres what should be equally essential: the government as employer of last resort. That is, just as the Feds powers must be invoked when credit markets fail, so must the governments when labor markets fail to create the quantity of jobs necessary to employ American labor resources. Jared Bernstein in The New York Times.
Posted on: Mon, 02 Dec 2013 17:02:00 +0000

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