locke

It's Time For Economists To Make Way For Pragmatists

I'm not sure what he is advocating. Higher fed funds rates? I would prefer employment to strong currency, only because if I lose my job, I lose my medical insurance, and I go bankrupt (because of a pre-existing condition).

If our society actually provided health care to the unemployed, then perhaps stronger currency could be the priority. As it stands, lack of employment can mean bankruptcy or death for people who are uninsurable with our "free market" health care system, so keeping people employed should be the #1 priority, inflation or not.