12:20 Fed has total control on the inflation rate since the Fed Funds Rate is the rate of inflation. 🤷♂️ CPI is an abstract cost of living guesstimate, not real in the slightest
16:15 The Budget Deficit is too small. We need a Transition Job program (Employer of last resort) in order to have a price anchor. The National Debt is Our Credit in the form of Cash, Bank Reserves, and Treasury Securities… I’ll take more please.
Why would we need an employer of last resort when unemployment is less than 4%? Uber and the other gig economy opportunities are already an employer of last resort. If you need a job you can go pick shopping items off shelves for busy families. We got a price floor when the two biggest employers, Amazon and Walmart started paying $15-18 min for unskilled labor
@MichaeldeSousaCruz there's always going to be some unemployment for turnover. Engineers and administrators aren't going to pick up garbage for $20/hr. Under 4% is considered full employment
@@Erikpdx you’re right, therefore engineers and administrators are going to collect unemployment checks. Who do you think this employer of last resort program is for? Not those people obviously.
@MichaeldeSousaCruz why could they take any other job in the private sector if they can slack off in a pointless govt position that's over paying them and they can't get fired from it?
