tag:blogger.com,1999:blog-6399730406480392183.post1174596035808669468..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: America's Real Unemployment CrisisA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6399730406480392183.post-69500042145950295382021-01-24T16:14:47.480-04:002021-01-24T16:14:47.480-04:00I couldn't agree more. A recent study is show...I couldn't agree more. A recent study is showing that the long-term impact of the massive increase in American unemployed will have a substantial impact on longevity as well.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-14027894159238156252021-01-23T21:44:15.680-04:002021-01-23T21:44:15.680-04:00While COVID has amplified the problem, the backgro...While COVID has amplified the problem, the background US policies of free trade and open borders have created strong deflationary pressures, so that the low interest rates set by the Fed no longer have any inflationary effect. In fact, they are merely holding off deflation and and a major depression. Of course, dumping money ($2 T) into an economy that is not producing actual goods looks like a recipe for hyperinflation a la Weimar. But I think the long term trend is deflation/depression with the immiseration of the working class.sykes.1https://www.blogger.com/profile/10954672321945289871noreply@blogger.com