My favourite part of the article is this...
Bernstein noted that, officially, “full employment” is pegged at a rate of around 5 percent by the Congressional Budget Office currently. That means that if the unemployment rate actually dipped below that mark (say, in the halcyon days of a first Romney term), the Federal Reserve would probably try to raise it to mitigate the chances of inflation.
So they admit that people are deliberately made unemployed by the government. So, should they be probed, prodded, tested, stripped of all their rights and attacked endlessly in the media and by society in general?
18 May 2012, 8:34 pm
