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Well, nothing written in that massive quote you've given mentions unemployment as a problem to be managed using fiscal policy, so I think that predicts how well
by eli_gottlieb 10y ago
Well, nothing written in that massive quote you've given mentions unemployment as a problem to be managed using fiscal policy, so I think that predicts how well it will really work out.
- ZenoArrow 10y agoAside from employing some public sector workers, governments don't fix high unemployment directly, they can only do so indirectly (by promoting stronger competition in the marketplace). Therefore, I don't find it surprising that unemployment isn't directly named in the summary I provided (though it may be mentioned in the full Five Presidents report, I haven't read the whole thing).