> Why the fuck would full employment be a goal of a central bank. Talk about paperclip optimization. Agree it does not seem (at first glance) to be a reasonabl

> Why the fuck would full employment be a goal of a central bank. Talk about paperclip optimization. Agree it does not seem (at first glance) to be a reasonable policy goal for a bank, and further this mandate does not hold for all central banks. <edit> For example, the ECB does not have this mandate </edit> However, some economists believe there is a relationship between % of population "employed" and inflation. Employed in quotes because, well, see the other HN post today https://news.ycombinator.com/item?id=32738538 https://news.ycombinator.com/item?id=32738538 about the costs of caring for parents as an example of actions which create direct,large, partially measurable social benefit but don't count as 'employment'.